According to the law of agency, real estate brokers are required to observe several duties as they act as an agent for an indivi

Question

3 years ago

12

According to the law of agency, real estate brokers are required to observe several duties as they act as an agent for an indivi

dual trying to buy or sell a property. Which of the following duties refers to a broker's obligation to be completely open and honest with the principal?
A.Disclosure
B. Confidentiality
C. Loyalty
D. Obedience

Social Studies

1 answer:

aleksandrvk [35] · Answer 1 · 2022-07-27T10:10:18+03:00

Answer: DISCLOSURE is the duty that refers to a broker's obligation to be completely open and honest with the principal.

Explanation: Disclosure is defined as the making known of a previously hidden fact or series of facts to another party; the act of exposing the knowledge of others. All the information and knowledge gotten from a disclosure will most likely affect the decisions taken by the principal.