Agency
A Texas buyer's agent has an obligation to disclose to their buyer client that a competing offer exists on the property they are interested in. This is an example of the duty of:
AConfidentiality toward the seller
BDisclosure of material facts affecting the buyer's decision✓ Correct
CLoyalty to the listing broker
DObedience to the seller's instructions
Explanation
Informing the buyer about competing offers is a material fact that could affect the buyer's strategy and decision-making. A buyer's agent must disclose material facts that would affect the buyer's decision, which includes knowledge of competing offers.
Related Texas Agency Questions
- A buyer's agent in Texas shows a property their own brokerage has listed. Without a separate buyer representation agreement, the agent typically owes duties to:
- A Texas broker who represents both the buyer and seller in the same transaction with written consent from both parties is acting as a(n):
- In Texas, the duty of 'reasonable care and diligence' in an agency relationship requires the agent to:
- When a Texas REALTOR® acts as a buyer's agent, they must present all offers to the seller for which of the following reasons?
- A Texas buyer asks their agent to help them buy a home in a neighborhood the agent has never worked in. The agent's duty of competence requires them to:
- Subagency in Texas real estate refers to:
- In Texas, a real estate broker who sponsors sales agents is responsible for:
- In Texas, an agent who represents a buyer in a purchase and also represents the tenant in a lease of the same property at different times has:
Practice More Texas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Texas Quiz →