Agency
In Maine, a buyer's agent who discloses the buyer's financial capacity to the listing agent without authorization has breached which duty?
ALoyalty
BConfidentiality✓ Correct
CDisclosure
DAccounting
Explanation
Disclosing the buyer's financial information (such as the maximum they can afford) to the listing agent without the buyer's authorization is a breach of the fiduciary duty of confidentiality.
Related Maine Agency Questions
- A Maine buyer's agent who represents a buyer in multiple transactions with the same seller may have a conflict of interest and should:
- A Maine real estate agent who represents both the buyer and seller in the same transaction with both parties' written consent is acting as:
- Under Maine license law, can a listing broker be liable for misrepresentations made by a salesperson working under them?
- Under Maine law, 'reasonable care and diligence' as an agent duty means the agent must:
- In Maine, what is a 'designated agent'?
- In Maine, 'puffery' in real estate marketing is:
- A Maine buyer's agent who notices during a showing that the seller's agent has misrepresented the property's features should:
- Under Maine's agency disclosure law, which form must be provided to sellers before entering into a listing agreement?
Practice More Maine Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maine Quiz →