medium · National Real Estate Exam agency
A buyer's agent is helping a client find a property. The agent sees a house that fits the buyer's needs but discovers it is owned by the agent's own parents.
What is the agent's fiduciary obligation?
- The agent only needs to disclose the family relationship if the buyer directly asks about it.
- The agent must disclose the relationship to the listing broker only, not the buyer.
- The agent should decline to show the property entirely to avoid any conflict of interest.
- The agent must disclose the family relationship to the buyer before the buyer makes an offer.
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