Agency
In Kentucky, if a buyer's agent helps the buyer write an offer and the listing agent discloses the seller's situation to the buyer's agent, what should the buyer's agent do?
AIgnore the information to be fair
BUse the disclosed information to benefit their buyer client✓ Correct
CReport the listing agent to KREC for disclosing seller information
DShare the information with all other buyers in the market
Explanation
A buyer's agent has a duty of loyalty to their client. Information disclosed about the seller (even if inappropriately shared by the listing agent) should be used to benefit the buyer client.
Related Kentucky Agency Questions
- The duty of 'obedience' in a Kentucky agency relationship requires the agent to:
- A Kentucky listing agent who discovers a material defect in the property after the listing agreement is signed must:
- In Kentucky, a buyer's agent may receive compensation from the seller's side (through the listing agreement) and still represent the buyer because:
- A Kentucky buyer's agent who finds out their buyer client is being investigated for financial fraud should:
- A Kentucky buyer's agent shows the buyer 15 properties over 3 months. On the 16th showing, the buyer goes directly to the seller's open house and makes an offer without the agent. Under an exclusive buyer agency agreement, the agent:
- A Kentucky real estate agent who makes unauthorized repairs to a property they are listing may be liable for:
- An agency relationship may be terminated by:
- A Kentucky buyer hires an exclusive buyer's agent. This means the agent:
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