Agency
An Oklahoma listing broker's fiduciary duty to the seller includes the duty to:
AAccept all offers on the seller's behalf
BDiligently market the property, advise the seller on pricing and negotiation, present all offers promptly, and seek the best possible terms for the seller✓ Correct
CShare the seller's confidential information with buyers to generate interest
DDetermine when the seller must accept an offer
Explanation
A listing broker owes the seller fiduciary duties including loyalty, diligence, disclosure of material information, confidentiality of the seller's personal information, and advocacy for the seller's best interests throughout the marketing, negotiation, and closing process.
Related Oklahoma Agency Questions
- In Oklahoma, which of the following would terminate an agency relationship automatically?
- A buyer's agent in Oklahoma owes which fiduciary duty that a seller's agent does NOT owe to the buyer?
- An Oklahoma buyer's agent who fails to present a counter offer to their buyer in a timely manner may be guilty of:
- Under Oklahoma law, what written document is used to create a seller agency relationship?
- Which of the following would terminate an agency relationship in Oklahoma?
- Oklahoma law allows a broker to act as an intermediary (transaction broker) provided:
- An agent represents a buyer in Oklahoma. The seller's agent offers the buyer's agent a bonus to 'push' the deal through. The buyer's agent should:
- Under Oklahoma law, a designated agency arrangement means:
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