Agency
A NH buyer's agent who has a pre-existing personal relationship with the seller must:
ADecline to represent the buyer due to the relationship
BDisclose the relationship to the buyer so the buyer can make an informed decision about representation✓ Correct
CProceed without disclosure as personal relationships don't affect agency duties
DReport the relationship to NHREC before proceeding
Explanation
A pre-existing personal relationship with the opposing party creates a potential conflict of interest that the agent must disclose to their buyer client. The buyer can then decide whether to continue with that agent or seek independent representation. Full disclosure protects the buyer and the agent.
Related New Hampshire Agency Questions
- A NH salesperson who advertises 'I work for you, not the seller!' without disclosing that they are in fact a seller's agent is engaged in:
- In New Hampshire, an undisclosed dual agency is:
- Which of the following best describes 'informed consent' in the context of New Hampshire dual agency?
- In New Hampshire, which form is required to disclose agency relationships to buyers and sellers?
- In New Hampshire, the 'first meaningful contact' disclosure rule means an agent must disclose agency options:
- A New Hampshire listing agent represents the seller. When a buyer without a buyer's agent contacts the listing agent, the listing agent may:
- An agent who represents neither the buyer nor the seller but assists both parties in completing a transaction is called a:
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