Agency
In Tennessee, when is a seller's agent permitted to disclose to a buyer that the seller will accept less than the listed price?
ANever — this is always confidential
BOnly with the seller's express consent✓ Correct
CAt any time during the listing period
DOnly after receiving a written offer
Explanation
A seller's agent may only disclose the seller's minimum price or negotiating flexibility with the seller's express consent. Disclosing it without consent violates the duty of confidentiality.
Related Tennessee Agency Questions
- In Tennessee, a seller's real estate agent who also represents the buyer in the same transaction without proper disclosure and consent has committed:
- In Tennessee, a licensee who also has a personal financial interest in a transaction (for example, part-owner of the company buying the listing) must:
- A Tennessee licensee who is offered cash 'under the table' from the seller to steer a buyer away from other listings should:
- A listing agreement with an 'exclusive right to sell' provision means:
- The Tennessee agency disclosure form must be signed by the consumer:
- 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 buyer's broker agreement that includes an 'exclusivity' provision means the buyer agrees to:
- The Knoxville Association of REALTORS® Code of Ethics is:
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