Minnesota License Law
A Minnesota real estate agent uses information obtained in their agency role to make a personal investment in a property their client wants to buy. This action is:
APermissible since agents can invest in real estate
BSelf-dealing and a serious breach of fiduciary duty✓ Correct
CAcceptable if the agent discloses it to their broker
DOnly problematic if the agent makes a profit
Explanation
Using confidential information obtained through an agency relationship for personal gain (self-dealing) is a serious breach of fiduciary duty in Minnesota. The agent must place the client's interests above their own.
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