Agency
An agent who fails to present an offer because they believe it is 'too low' has most likely violated the duty of:
AConfidentiality
BObedience and loyalty✓ Correct
CReasonable care
DAccounting
Explanation
An agent must present all offers to the seller regardless of amount. Withholding offers violates the duties of obedience (following lawful instructions to present all offers) and loyalty (acting in the client's best interest).
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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