Agency
A Texas REALTOR®'s fiduciary duty of 'full disclosure' requires disclosure of:
AAll personal information about the client
BAll material facts that might affect the principal's decisions regarding the transaction✓ Correct
COnly facts specifically requested by the client
DOnly defects that are visible during a physical inspection
Explanation
Full disclosure requires an agent to proactively disclose all material facts — information that a reasonable person would consider important in making decisions about the transaction. This duty is proactive and does not require the client to ask.
Related Texas Agency Questions
- In Texas, an 'intermediary' broker is one who:
- When a Texas real estate agent discovers that a material fact has changed after a listing agreement is signed (e.g., a neighbor's property is contaminated), the agent should:
- In Texas, 'procuring cause' in a real estate transaction refers to:
- When a Texas broker receives an earnest money deposit but the buyer's and seller's contracts specify different escrow agents, the broker should:
- Under Texas law, a broker who acts as an intermediary and appoints associates to work with the parties must:
- Under Texas law, the duty of 'obedience' an agent owes their client means the agent must:
- Under Texas law, an agent who represents a buyer in purchasing their own listing (without setting up an intermediary relationship) would be:
- In Texas, when a real estate agent acts as an 'intermediary' and does NOT appoint associated license holders to work with each party, the intermediary broker is limited to performing what actions?
Practice More Texas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Texas Quiz →