Agency
A Maine buyer's agent learns during a showing that a listing agent has represented the property as having a 2-car garage when in fact it has a 1-car garage. The buyer's agent should:
AIgnore the discrepancy to avoid confrontation
BInform their buyer of the discrepancy and advise them to verify all representations✓ Correct
CImmediately report to the MREC before informing the buyer
DConfirm the discrepancy is minor and proceed with the offer
Explanation
A buyer's agent's duty requires them to protect the buyer by alerting them to discrepancies between the property's advertised features and what they observe. The buyer should be advised to verify all material representations.
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Key Terms to Know
Buyer's Agent
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
AgencyA 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.
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