Agency
In Washington, a listing broker has a fiduciary duty to the seller to disclose:
AA multiple offer situation is occurring (so the seller can make an informed decision)✓ Correct
BThe names and financial information of all competing buyers
CThe exact price each competing buyer is willing to pay
DOnly that an offer has been received
Explanation
A listing broker's fiduciary duty includes keeping the seller informed about the transaction. Disclosing that multiple offers exist allows the seller to make informed decisions about how to proceed (countering, calling for highest and best, etc.) without revealing specific offer amounts or buyer identities.
Related Washington Agency Questions
- In Washington, a seller's agent who learns their client is planning to defraud the buyer must:
- A Washington buyer's agent is representing a buyer who makes an offer on a property. The seller rejects the offer. The agent's obligation to the buyer continues until:
- Under Washington's Law of Real Estate Agency, a broker representing a seller must disclose to the buyer:
- Under Washington's agency law, a seller who gives their broker authority to sign documents on their behalf has granted the broker which type of authority?
- In Washington, a listing broker's duty to disclose adverse material facts applies to:
- Under RCW 18.86, which of the following is a duty owed exclusively to a seller-client (not to a buyer-customer)?
- In Washington, a listing broker who inadvertently reveals the seller's minimum acceptable price to a buyer:
- In Washington, when a buyer's agent identifies issues with the property during a showing, they should:
Practice More Washington Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Washington Quiz →