Agency
What is the duty of 'disclosure' that a Nevada agent owes to their principal?
ATo disclose the agent's personal financial interests to third parties
BTo promptly inform the principal of all material facts that could affect the transaction✓ Correct
CTo share confidential client information with cooperating agents
DTo disclose the property's assessed value to all parties
Explanation
The fiduciary duty of disclosure requires a Nevada agent to promptly inform their principal of all known material facts that might affect the principal's decisions in the transaction, including information about the other party.
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