Agency
In New Jersey, a real estate licensee's fiduciary duty of 'loyalty' to a seller client means the agent must:
AAlways disclose the seller's bottom-line price to buyers
BPlace the seller's interests above the agent's own interests and above the interests of third parties✓ Correct
CRecommend the seller accept the first offer received
DPrioritize the buyer's satisfaction for future referrals
Explanation
Loyalty requires the agent to place the client's best interests first, subordinating the agent's personal interests and the interests of all others. In practice, this means the agent must not benefit at the seller's expense and must advocate for the best possible terms for the seller.
Related New Jersey Agency Questions
- In New Jersey, the Consumer Information Statement (CIS) must be provided to buyers and sellers:
- In NJ, 'subagency' in the MLS context means:
- A New Jersey buyer's agent who has buyer clients interested in a property also listed by their firm has a potential:
- In New Jersey, which form must be provided to a consumer at the first substantive contact with a licensee?
- Which agency relationship exists when a New Jersey licensee works with a buyer but has NO written buyer agency agreement?
- In NJ, a buyer's agent who negligently fails to investigate a material defect that a reasonable agent would have discovered has violated the duty of:
- Under NJ agency rules, an agent's duty of confidentiality to a former client regarding information obtained during the relationship:
- A buyer's agent in NJ owes which of the following fiduciary duties to the buyer?
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 →