Agency
Puffing in real estate occurs when an agent:
AMakes false statements of material fact to induce a buyer
BMakes exaggerated, non-factual statements of opinion about a property✓ Correct
CFails to disclose a known structural defect
DAdvertises a property at an inflated price
Explanation
Puffing refers to exaggerated, non-factual statements of opinion (e.g.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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