Agency
What fiduciary duty requires a Pennsylvania agent to disclose all material information to their client?
AThe duty of loyalty
BThe duty of disclosure✓ Correct
CThe duty of obedience
DThe duty of confidentiality
Explanation
The fiduciary duty of disclosure requires an agent to proactively disclose to their client all information material to the transaction — including known defects, relevant market information, competitive offers, and anything that could affect the client's decision. In Pennsylvania, this duty applies to licensees representing buyers or sellers. It is distinct from the duty of loyalty (putting client's interests first) and must be balanced against the duty of confidentiality to the client.
Related Pennsylvania Agency Questions
- A Pennsylvania buyer's agent owes which fiduciary duty that specifically requires acting in the buyer's best financial interest?
- Agency by estoppel is created when:
- Dual agency in Pennsylvania requires:
- A Pennsylvania listing agent receives two offers simultaneously. The agent's duty to the seller requires:
- A Pennsylvania licensee who fails to promptly present all written offers to the seller is in violation of which duty?
- The termination of an agency relationship in Pennsylvania can occur by:
- A buyer's agent who fails to disclose that their buyer is pre-approved for financing when the seller asks may be:
- An agent who represents a buyer in one transaction and the seller in another, on different properties, with no overlap, is best described as:
Practice More Pennsylvania Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Pennsylvania Quiz →