Agency
In Tennessee, a listing agent who misrepresents the square footage of a home to attract a higher offer may be liable for:
AOnly a TREC administrative fine
BFraudulent misrepresentation, exposing the agent and broker to civil liability and license discipline✓ Correct
CNothing if the buyer's agent should have verified the information
DOnly a correction of the MLS listing
Explanation
Knowingly misrepresenting material facts (such as square footage) to induce a purchase constitutes fraud or misrepresentation, exposing the agent and broker to civil liability for damages and TREC disciplinary action.
Related Tennessee Agency Questions
- In Tennessee, when is a seller's agent permitted to disclose to a buyer that the seller will accept less than the listed price?
- Under Tennessee law, when a buyer and seller in a transaction are both represented by different licensees from the same brokerage, and the principal broker does NOT intervene, this situation is most accurately described as:
- A principal broker in Tennessee owes which of the following duties to a customer (non-client)?
- In Tennessee, if a listing broker learns during showings that the seller has structural defects they did not disclose, the broker should:
- A seller's agent must present all offers to the seller UNLESS:
- The real estate doctrine of 'caveat emptor' (let the buyer beware) has been significantly limited in Tennessee by:
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- A licensee who is a 'transaction broker' in Tennessee owes which duties to the parties?
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