Agency
Under Rhode Island law, an agent's duty of 'reasonable care' (diligence) means the agent must:
AGuarantee the outcome of every transaction
BExercise the degree of skill, care, and diligence that a reasonably competent real estate professional would use under similar circumstances✓ Correct
CComplete all tasks immediately without errors
DAvoid all transactions that carry any risk
Explanation
The duty of reasonable care and diligence requires the agent to perform their duties with the competence, skill, and diligence expected of a professional real estate licensee—not a guarantee of perfection, but a reasonable standard of professional conduct.
Related Rhode Island Agency Questions
- A Rhode Island agent represents a buyer who makes an offer on a property listed by the agent's own broker. Without a designated agency agreement, this creates:
- Apparent authority in agency arises when:
- A buyer's broker submits an offer on a listed property and discloses that they represent the buyer. The listing broker is required to:
- What is 'agency by estoppel' in Rhode Island real estate?
- The duty of 'accounting' in a fiduciary relationship requires the agent to:
- In Rhode Island, a buyer's agent who also represents the seller in the same transaction without full disclosure and consent is engaging in:
- A Rhode Island seller signs a listing agreement and the agent markets the property but receives no offers before the listing expires. Is the seller obligated to pay a commission?
- Under Rhode Island law, 'informed consent' for dual agency must be:
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