Agency
A NH seller's listing agent receives an offer from an unrepresented buyer (no buyer's agent). The listing agent's duties to the unrepresented buyer are:
AFull fiduciary duties as if they were the buyer's agent
BLimited to honesty, disclosure of material facts, and accounting for funds—not full fiduciary duties✓ Correct
CNo duties whatsoever to the unrepresented buyer
DThe same duties they owe the seller
Explanation
A listing agent owes fiduciary duties to the seller, not the unrepresented buyer. However, the agent must be honest with the buyer, disclose material facts, and account for any funds. The agent cannot deceive or misrepresent to the unrepresented buyer, even while protecting the seller's interests.
Related New Hampshire Agency Questions
- Which document in New Hampshire formally establishes a buyer agency relationship?
- A New Hampshire listing agent represents the seller. When a buyer without a buyer's agent contacts the listing agent, the listing agent may:
- Which duty does a New Hampshire buyer's agent owe ONLY to the buyer and not to third parties?
- A NH listing agent who tells a prospective buyer the seller's minimum acceptable price is:
- A New Hampshire seller's agent who learns that the seller is financially desperate and must sell quickly should:
- A seller's agent in New Hampshire must disclose to a prospective buyer:
- In New Hampshire, which form is required to disclose agency relationships to buyers and sellers?
- A NH agent who is also a licensed mortgage broker should disclose this dual role to a buyer client because:
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