Agency
When a buyer's agent learns that the seller has received no other offers in 60 days, this is:
AConfidential information that the agent may use on behalf of the buyer✓ Correct
BInformation the agent must keep confidential and not share with the buyer
CPublic information that cannot be used in negotiations
DIrrelevant to the transaction
Explanation
A buyer's agent owes undivided loyalty to the buyer client and may (and should) use all available information, including the seller's motivation and market exposure, to benefit the buyer in negotiations.
People Also Study
Related Massachusetts Questions
- An agent who has a buyer client and learns of a seller's financial distress that would motivate a lower price MUST:Agency
- In a designated agency arrangement, the designated buyer's agent owes loyalty to:Agency
- In Massachusetts, a buyer's agent who discovers that a listed property has been on the market for over 200 days should:Agency
- A seller's agent in Massachusetts owes which fiduciary duty to the seller?Agency
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.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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.
Study This Topic
Practice More Massachusetts Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Massachusetts Quiz →