Agency
A Texas broker who represents a seller has a duty to disclose to potential buyers that the property has a defective roof the broker knows about. This is an example of:
ABreach of confidentiality
BThe duty to disclose known material facts regardless of agency✓ Correct
CVolunteering information the seller asked to keep secret
DA violation of fiduciary duty to the seller
Explanation
Texas law and TREC rules require all licensees to disclose known material facts about a property that could affect a reasonable person's decision to purchase, regardless of whom the agent represents. This duty cannot be waived by the seller.
Related Texas Agency Questions
- Which Texas TREC form is used to disclose agency relationships to consumers?
- A Texas broker's listing expires. The seller then sells the property themselves within the protection period specified in the expired listing. The broker may be entitled to a commission if:
- The Texas IABS (Information About Brokerage Services) notice must be provided in which scenario?
- Texas law requires a buyer's representation agreement to specify the:
- When a Texas broker acts as an intermediary, they may NOT:
- A Texas agent receives an offer to present to their seller client. The offer is significantly below market value but has no contingencies. The agent should:
- If a Texas real estate agent receives an offer on a listed property while the seller is vacationing abroad and unreachable, the agent should:
- Under Texas law, a 'seller's agent' who also seeks to represent the buyer without proper intermediary disclosure and consent would be acting as a:
Practice More Texas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Texas Quiz →