Agency
Tennessee's property disclosure laws create what type of duty for the listing agent?
AA duty to independently inspect every property they list
BA duty to disclose known material facts about the property to all parties✓ Correct
CA duty to guarantee all seller disclosures are accurate
DA duty to perform environmental testing
Explanation
Under Tennessee law, a listing agent has a duty to disclose material facts about the property that are known to the agent, even if the seller has not included them on the disclosure form. The agent cannot rely solely on the seller's disclosure.
Related Tennessee Agency Questions
- The difference between a general agent and a special agent is that a general agent:
- In Tennessee, a 'safety protection clause' (broker protection clause) in a listing agreement protects the broker by:
- A licensee who is a 'transaction broker' in Tennessee owes which duties to the parties?
- A Tennessee broker who fails to present an offer because they personally believe it is too low is:
- A licensee who represents a buyer while receiving compensation from the seller without disclosure is:
- An agency relationship is generally terminated by all of the following EXCEPT:
- In Tennessee, the duty of confidentiality to a client means the broker may NOT disclose:
- Express agency is created by:
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