Agency
A NJ seller's agent who discloses to the buyer that the seller must sell quickly due to financial hardship has violated the duty of:
ADisclosure
BConfidentiality and loyalty to the seller✓ Correct
CAccounting
DObedience
Explanation
Disclosing the seller's financial distress or urgency to sell is a breach of the agent's fiduciary duties of confidentiality and loyalty—the agent must protect the seller's negotiating position, not undermine it.
Related New Jersey Agency Questions
- A NJ buyer's agent who discovers undisclosed termite damage during a pre-closing walkthrough that was not in the seller's disclosure should advise the buyer to:
- In New Jersey, when a buyer's agent learns their buyer client is willing to pay more than their offer price, the agent must:
- In New Jersey, designated agency means:
- A latent defect is one that:
- The New Jersey Consumer Information Statement (CIS) must be provided to a prospective buyer or seller:
- An NJ agent's duty of care requires them to:
- In New Jersey, a listing agreement between a seller and broker creates what type of agency?
- An agent who has an undisclosed interest in a property they are selling on behalf of a client is guilty of:
Practice More New Jersey Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Jersey Quiz →