Agency
Puffing in real estate refers to:
AIntentional misrepresentation of material facts to induce a purchase
BExaggerated, non-factual sales talk that a reasonable buyer would not rely on✓ Correct
CFailing to disclose known defects to the buyer
DAdvertising a property at above its appraised value
Explanation
Puffing is exaggerated promotional language — such as 'the best neighborhood in the city' or 'a real gem' — that is understood to be opinion rather than fact. Puffing is generally not considered fraud because reasonable buyers should not rely on such statements as factual representations.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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