Agency
A Missouri buyer's agent discovers a material defect in a property their buyer is considering. The agent's duty is to:
AKeep it confidential to avoid harming the sale
BDisclose it to the buyer as part of the agent's fiduciary duty✓ Correct
COnly disclose if the listing agent asks
DWait for the seller to volunteer the information
Explanation
A buyer's agent in Missouri has a fiduciary duty of disclosure to the buyer. All material defects and relevant information known to the agent must be disclosed to the client.
Related Missouri Agency Questions
- What is a 'designated agency' arrangement in Missouri?
- In Missouri, an 'exclusive agency listing' differs from an 'exclusive right to sell listing' because:
- In Missouri, what fiduciary duty requires an agent to keep the client's information private?
- A Missouri buyer's agent who does not have written buyer representation agreement with a buyer is:
- A Missouri listing agent who receives an offer that is unfavorable to the seller must:
- In Missouri, a buyer's agent's commission is typically paid by:
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- A Missouri buyer's agent who also represents the seller in the same transaction must:
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