Agency
In Tennessee, a listing agent's duty of disclosure to the seller includes disclosing:
AThe buyer's financial details and maximum price
BAll offers received, conflicts of interest, and any material information about the transaction✓ Correct
CInformation about comparable properties only
DOnly information that could lower the sale price
Explanation
A listing agent must keep the seller fully informed — disclosing all offers received, any conflicts of interest (such as representing the buyer's family member), and all material information affecting the transaction.
Related Tennessee Agency Questions
- Which of the following is an example of 'puffing' rather than a material misrepresentation?
- In Tennessee, a buyer's agent who learns during a showing that the seller's agent misrepresented a material fact should:
- The 'right to control' test in determining employment versus independent contractor status in real estate focuses on whether:
- A Tennessee broker who represents both the buyer and seller in the same transaction without disclosure and written consent is guilty of:
- Express agency is created by:
- In Tennessee, a 'designated agency' arrangement means:
- The Knoxville Association of REALTORS® Code of Ethics is:
- A listing agreement with an 'exclusive right to sell' provision means:
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