Agency
In Tennessee, a seller's agent owes which of the following duties to a buyer customer (not client)?
ALoyalty, confidentiality, and full disclosure
BHonesty, disclosure of material facts, and reasonable care✓ Correct
CAll fiduciary duties owed to the seller
DNo duties whatsoever
Explanation
Even when representing only the seller, a Tennessee agent owes customers (non-clients) honesty, disclosure of material facts affecting the property, and reasonable care in performing their duties.
Related Tennessee Agency Questions
- In Tennessee, a broker who represents a buyer is said to be working with the seller as a:
- In Tennessee, a 'gratuitous agent' is one who performs agency services:
- In Tennessee, a buyer's agent must disclose to the buyer all known material facts about the property, including:
- In Tennessee, a licensee who receives a gift from a vendor in connection with a real estate transaction must:
- In Tennessee, a buyer's agent who also represents the seller without full disclosure is guilty of:
- Under Tennessee license law, a real estate team's designated team leader must be:
- The Tennessee Agency Disclosure document must be provided to a prospective buyer or seller:
- A Tennessee broker who represents both the buyer and seller in the same transaction without disclosure and written consent is guilty of:
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