Agency
An Indiana real estate broker's duty of care requires them to:
AGuarantee a specific sale price for the seller
BExercise the degree of care and skill that a reasonably competent broker would use in similar circumstances✓ Correct
CEnsure the property passes all inspections
DGuarantee the accuracy of the title search
Explanation
The duty of care requires a broker to act with the skill, care, and diligence of a reasonably competent professional. It does not require perfection or guarantee specific outcomes.
Related Indiana Agency Questions
- A limited dual agency in Indiana where the agent represents both buyer and seller is permitted only with:
- In Indiana, a 'non-exclusive buyer agency agreement' differs from an exclusive agreement in that:
- Indiana's rule that an agent may not purchase property listed with them applies because:
- When an Indiana seller's agent learns of a material defect that the seller has not disclosed, the agent should:
- Designated agency in Indiana means:
- An Indiana broker acts as a sub-agent of the seller when the broker:
- An agency relationship in Indiana is most commonly created by:
- An Indiana sub-agent owes fiduciary duties to:
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