Agency
A Massachusetts buyer's agent finds a property not listed on the MLS. The agent advises the buyer to offer $30,000 over asking without disclosing that the agent has a personal relationship with the listing agent. This is a violation of the duty of:
AConfidentiality
BDisclosure (the agent must disclose the personal relationship as a potential conflict of interest)✓ Correct
CObedience
DAccounting
Explanation
The fiduciary duty of disclosure requires the agent to disclose any conflicts of interest, including personal relationships with the other party's agent, that could affect the agent's ability to represent the buyer's interests.
Related Massachusetts Agency Questions
- A Massachusetts buyer's agent arranges for the property to be inspected by their brother who is a home inspector. The agent must:
- The Massachusetts mandatory Licensee-Consumer Relationship Disclosure form must be signed by:
- Under Massachusetts law, a listing broker who also represents the buyer in the same transaction must disclose the dual agency to:
- The Massachusetts Mandatory Licensee-Consumer Relationship Disclosure form must be provided:
- Implied agency arises when:
- The Massachusetts 'procuring cause' doctrine determines:
- A seller's agent in Massachusetts owes which fiduciary duty to the seller?
- A seller's agent may disclose to a buyer which of the following without violating their fiduciary duty?
Practice More Massachusetts Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Massachusetts Quiz →