medium · National Real Estate Exam
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 relationship if the buyer asks.
- The agent must disclose the relationship to the listing broker only.
- The agent should not show the property to avoid a conflict of interest.
- The agent must disclose the family relationship to the buyer before the buyer makes an offer.
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