Agency
When a Nevada licensee acts as a buyer's agent, which duty is owed exclusively to the buyer?
ADisclosure of material facts to the seller
BUndivided loyalty to the buyer✓ Correct
CObedience to the seller's instructions
DAccounting to the listing broker
Explanation
As a buyer's agent, the licensee owes undivided loyalty to the buyer. This means the agent must act in the buyer's best interest and not disclose confidential buyer information to the seller or seller's agent.
Related Nevada Agency Questions
- A buyer's broker agreement in Nevada:
- What is a Nevada seller's net sheet and what role does the listing agent play in preparing it?
- What is a Nevada listing agent's duty to the seller when a buyer's agent makes a low offer?
- In Nevada, an agent acting as a disclosed dual agent with consent of both parties owes which duties to both parties?
- Which of the following is NOT a fiduciary duty owed by a real estate agent to their client in Nevada?
- In Nevada, the required agency disclosure must be provided to a prospective buyer or seller:
- What is 'disclosed limited agency' (sometimes called transaction brokerage) in Nevada?
- What is 'self-dealing' in the context of Nevada real estate agency law?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →