Agency
In Minnesota, a listing agreement that creates an agency relationship requires the broker to act in the seller's best interest. This includes which of the following duties?
AAccepting all offers on the seller's behalf without consultation
BDisclosing material facts about the property's condition to prospective buyers✓ Correct
CSetting the listing price without seller input
DRefusing to show the property to buyers without pre-approval letters
Explanation
Even a seller's agent must disclose known material defects to buyers. This duty arises from Minnesota law and professional ethics—it protects buyers and the integrity of the transaction. The agent may not conceal known defects from buyers, even while protecting the seller's confidential information.
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