Agency
An agent's duty of CARE in NJ requires the agent to:
AGuarantee the buyer finds a perfect property
BExercise the skill, care, and diligence of a reasonably competent real estate professional✓ Correct
CAlways obtain the lowest possible price for buyers
DPersonally inspect every property before showing
Explanation
The duty of care requires a NJ licensee to perform services with the competence, skill, and diligence of a knowledgeable real estate professional, meeting the standard of care expected of a reasonable, competent agent.
Related New Jersey Agency Questions
- In New Jersey, a listing agreement between a seller and broker creates what type of 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:
- An open listing allows the seller to:
- Under NJ law, an agent's authority to bind the principal (seller) is created by:
- An agent who reveals the seller's bottom-line price to the buyer without authorization is guilty of:
- Termination of a listing agreement in NJ may occur by all of the following EXCEPT:
- An agent's authority to bind the principal to a contract that was not explicitly granted but is customarily necessary is called:
- In NJ, an agent who tells a buyer that a property 'has no known defects' when the agent knows of hidden mold is guilty of:
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