Agency
A Massachusetts buyer's agent who learns that the seller will accept less than the asking price:
AMust immediately disclose this to their buyer-client✓ Correct
BCannot disclose this without the seller's consent, as it was learned through confidential dealings
CShould ignore the information to maintain neutrality
DMust report this to the MLS
Explanation
A buyer's agent in Massachusetts owes their buyer-client full disclosure of material information that would benefit the buyer in negotiations, including knowledge that the seller may accept less than the asking price.
Related Massachusetts Agency Questions
- A Massachusetts buyer's agent representing a client on a purchase of a commercial property notices environmental concerns on the adjacent lot. The agent should:
- When does a Massachusetts listing agreement create an agency relationship?
- The duty of 'accounting' in a fiduciary relationship requires the agent to:
- In Massachusetts, which agency relationship must be disclosed in writing to the consumer?
- Massachusetts law requires buyer agents to provide buyers with a written agency disclosure:
- Under Massachusetts agency law, when must a licensee provide the 'Massachusetts Mandatory Licensee-Consumer Relationship Disclosure'?
- When a buyer's agent learns that the seller has received no other offers in 60 days, this is:
- In Massachusetts, a 'facilitator' in a real estate transaction is best described as:
Practice More Massachusetts Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Massachusetts Quiz →