Agency
In Tennessee, a broker's duty to a seller under a listing agreement includes all of the following EXCEPT:
APromoting the seller's best interests
BMaintaining confidentiality of the seller's personal financial information
CGuaranteeing the property will sell within the listing period✓ Correct
DPresenting all offers to the seller promptly
Explanation
A listing broker has no duty to guarantee a sale. Duties include: promotion of the seller's best interests, confidentiality, disclosure of material facts, presenting all offers promptly, accounting for funds, and exercising reasonable skill and care.
Related Tennessee Agency Questions
- Tennessee's agency disclosure law requires the use of a form that is:
- In Tennessee, a listing broker who learns that a buyer is willing to pay much more than the asking price should:
- When a Tennessee licensee represents a client in a short sale (where the sale price is less than the mortgage balance), the licensee has a duty to:
- A buyer's agent who learns that the seller has received no other offers has a duty to:
- In Tennessee, a listing broker's duty to the seller regarding the property's list price is to:
- A Tennessee seller who learns during a listing that the property has an underground oil tank (previously unknown) should be advised by their agent to:
- A Tennessee licensee's duty of 'loyalty' means they must place the client's interests:
- The Tennessee Agency Disclosure document must be provided to a prospective buyer or seller:
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