Agency
A Kentucky single agent who represents only the seller learns the buyer is planning to ask for a price reduction based on a minor defect. The seller's agent should:
ATell the seller immediately so they can prepare a response✓ Correct
BAdvise the buyer not to bring up the issue
CDisclose the buyer's strategy to the listing service
DMaintain neutrality and not report the buyer's plans
Explanation
As the seller's agent, the licensee has a duty of loyalty to the seller and must share information that could benefit the seller in negotiations, including anticipated buyer tactics.
Related Kentucky Agency Questions
- In Kentucky, a principal can be held responsible for the acts of their agent when:
- A Kentucky buyer's agent who knows the seller accepted a much lower offer last month on a similar property should:
- An agent who discloses a buyer's financial desperation to a seller is violating the duty of:
- The 'obedience' duty requires a Kentucky agent to:
- A listing broker in Kentucky owes which of the following duties to an unrepresented buyer?
- An implied agency is created when:
- An agency relationship may be terminated by:
- A Kentucky seller's agent is aware that the roof leaks. The agent's duty is to:
Practice More Kentucky Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kentucky Quiz →