Agency
What are a Nevada real estate agent's duties to non-client third parties?
AAgents owe no duties whatsoever to non-clients
BWhile agents owe fiduciary duties only to their clients, they owe non-clients (including unrepresented parties) duties of honest dealing, disclosure of known material facts, and compliance with fair housing and other laws✓ Correct
CAgents owe identical duties to clients and non-clients
DAgents owe non-clients only the duty of a reasonable price
Explanation
Nevada's agency framework distinguishes between client duties (full fiduciary) and duties to non-client third parties. To non-clients (e.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
LienA 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.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
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