Agency
In Michigan, a seller's agent who gratuitously volunteers price information that weakens the seller's negotiating position has violated the duty of:
AObedience
BLoyalty✓ Correct
CDisclosure
DCare
Explanation
Volunteering information that undermines the seller's negotiating position violates the fiduciary duty of loyalty — the obligation to protect and advance the client's interests rather than disclose information that could harm them.
Related Michigan Agency Questions
- In Michigan, 'implied agency' arises when:
- In Michigan, a dual agent owes which duties to BOTH the buyer and the seller?
- In Michigan, an agent representing neither party (transaction coordinator or facilitator) owes both parties:
- Michigan law requires that a disclosure of agency relationship be provided to consumers:
- In Michigan, a real estate agent's duty of reasonable care requires the agent to:
- A seller's agent in Michigan who learns the buyer's maximum budget should:
- Under Michigan law, an agent's duty of confidentiality regarding a client's motivation to sell:
- The duty of obedience in a Michigan agency relationship means the agent must:
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