Agency
A listing broker in Kentucky owes which of the following duties to an unrepresented buyer?
AFull fiduciary duties
BHonest and fair dealing and disclosure of material facts✓ Correct
CLoyalty and confidentiality
DNo duties whatsoever
Explanation
Even without an agency relationship, a listing broker owes an unrepresented buyer honest and fair dealing and must disclose known material facts about the property.
Related Kentucky Agency Questions
- A Kentucky seller's agent receives an offer from an unrepresented buyer. The agent has a duty to the seller but also must treat the buyer:
- In Kentucky, a buyer's agent has a duty to disclose to their buyer client:
- Under Kentucky law, when must a licensee provide agency disclosure to a prospective buyer?
- A Kentucky real estate agent who makes unauthorized repairs to a property they are listing may be liable for:
- In Kentucky, the Seller's Disclosure of Conditions form is required for:
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- If a buyer's agent learns through due diligence that a seller's disclosure was inaccurate, the agent should:
- In Kentucky, a broker who operates a team may not:
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