Agency
In Nevada, which of the following best describes the 'duty of disclosure' an agent owes to their principal?
ADisclose only facts that are legally required
BDisclose all material facts relevant to the transaction, even if not asked✓ Correct
CDisclose only information the principal specifically requests
DDisclose only facts that increase the property's value
Explanation
The agent's duty of disclosure to their principal requires proactively sharing all material information relevant to the transaction — including facts that might negatively affect the principal's position — even if the principal did not specifically ask.
Related Nevada Agency Questions
- What is 'undisclosed dual agency' and why is it a serious violation in Nevada?
- What is a Nevada seller's agent required to disclose to a buyer about a property?
- What is the duty of 'confidentiality' owed by a Nevada listing agent to their seller client?
- What is a Nevada listing agent's duty to the seller when a buyer's agent makes a low offer?
- What is a Nevada buyer's agent's duty to disclose when they know the property has a history of flooding?
- What is 'self-dealing' in the context of Nevada real estate agency law?
- Under Nevada law, what is the minimum content required in a written buyer's representation agreement?
- A Nevada listing broker and their seller-client mutually agree to terminate the listing agreement before its expiration. What is this called?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →