Agency
A Minnesota seller calls their listing agent to ask how many showings the property has had and what feedback was received. The agent must:
ADecline since showing data is confidential
BProvide this information as part of their duty to keep the seller informed✓ Correct
COnly share information with the seller at open houses
DWait for the MLS to release showing statistics quarterly
Explanation
A listing agent has a duty to keep their client (the seller) informed about all relevant transaction developments, including showing activity and buyer feedback. Regular communication about market activity helps the seller understand market response and make informed decisions about pricing and strategy. This is part of the agent's duty of reasonable care and loyalty.
Related Minnesota Agency Questions
- In Minnesota, a buyer's agent discovers the seller has not disclosed a known foundation crack. What must the buyer's agent do?
- A Minnesota listing agent receives an offer significantly below the list price. The agent should:
- Apparent authority in a Minnesota agency relationship arises when:
- A Minnesota buyer's agent is showing a property when they discover a listing price error in the MLS that has the price significantly lower than the seller's actual intention. The agent should:
- In Minnesota, a seller's agent must disclose the existence of competing offers to a buyer if:
- Under Minnesota agency law, the seller's listing agent may tell the buyer's agent that there are multiple offers on the property only if:
- A Minnesota property owner hires a listing agent but decides to sell the property themselves while the listing is active. If the seller finds a buyer, who earns a commission under an exclusive agency listing?
- A Minnesota buyer's agent is working with a buyer who wants to submit an offer significantly over the list price due to a competitive market. The agent should:
Practice More Minnesota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Minnesota Quiz →