Agency
In New York, a broker who takes an 'exclusive right to represent' buyer agreement and then fails to submit an offer as directed by the buyer is in breach of the:
AExclusive right-to-sell listing agreement
BBuyer representation agreement and their fiduciary duty of obedience✓ Correct
CMLS rules only
DThe Statute of Frauds
Explanation
A buyer's representation agreement creates a fiduciary relationship. Failing to submit an offer as directed by the buyer violates the duty of obedience and constitutes a breach of the representation agreement.
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