Agency
A NJ listing agent who recommends that the seller accept an offer because the buyer is a personal friend of the agent, without full consideration of the seller's interests, is breaching the duty of:
ADisclosure to the buyer
BLoyalty to the seller✓ Correct
CConfidentiality
DObedience to the NJREC
Explanation
Loyalty requires the agent to place the client's interests above all others, including the agent's personal relationships. Steering the seller toward a particular buyer for the agent's personal benefit—without full consideration of the seller's best interests—is a serious breach of fiduciary loyalty.
Related New Jersey Agency Questions
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- Ratification by a principal means the principal:
- A listing agent who learns the sellers are willing to accept $20,000 less than the asking price:
- In an exclusive right-to-sell listing, the broker is entitled to a commission if the property is sold by:
- An agent who reveals the seller's bottom-line price to the buyer without authorization is guilty of:
- An agent's authority to bind the principal to a contract that was not explicitly granted but is customarily necessary is called:
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