Final answer:
A real estate broker representing a seller owes duties of loyalty, confidentiality, honesty, and accountability to prospective buyers.
Step-by-step explanation:
In the context of being a real estate broker representing a seller, Mark owes several duties to prospective buyers:
- Loyalty: Mark should act in the best interest of the seller, but he should also maintain loyalty to prospective buyers by providing them with accurate information and advocating for their interests.
- Confidentiality: Mark should keep any confidential information provided by prospective buyers, such as their financial situation or their desired purchase price, confidential unless given permission to disclose it.
- Honesty: Mark should provide honest and accurate information to prospective buyers regarding the property being sold, including any known defects.
- Accountability: Mark should be accountable for his actions as a real estate broker, ensuring he follows all laws and regulations and operates ethically in the best interest of both the seller and prospective buyers.