Agency
In Michigan, an agent's duty of 'reasonable care' means the agent must:
AGuarantee the buyer will never lose money on the investment
BExercise the level of skill, knowledge, and diligence that a competent real estate professional would exercise in similar circumstances✓ Correct
CConduct a home inspection on the buyer's behalf
DProvide legal advice to clients regarding title issues
Explanation
Reasonable care requires Michigan agents to act with the skill and diligence of a competent professional, including staying current with market conditions, advising clients of relevant issues, and referring clients to appropriate specialists for matters outside the agent's expertise.
Related Michigan Agency Questions
- In Michigan, the creation of a buyer agency relationship requires:
- The duty of obedience in a Michigan agency relationship means the agent must:
- In Michigan, a dual agent owes which duties to BOTH the buyer and the seller?
- In Michigan, implied agency is created when:
- The duty of accounting in a Michigan agency relationship requires the agent to:
- Michigan law requires that a disclosure of agency relationship be provided to consumers:
- A listing agent who also represents a buyer for the same property without proper disclosure is guilty of:
- In a Michigan seller's agency, the listing agent's duty of confidentiality means:
Practice More Michigan Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Michigan Quiz →