Question

Which of these is a duty of licensees set forth by both the BRE and the rules of fiduciary responsibility?

A) To keep all information provided by sellers confidential
B) To keep all information provided by both buyers and sellers confidential
C) To disclose all facts that might affect the sale
D) To disclose material information that might affect the price and/or sale of the property, even if the buyer does not ask for it

Answer 1

Licensees have a duty to disclose material information that might affect the price and/or sale of the property.

Step-by-step explanation:

The duty of licensees set forth by both the BRE (Bureau of Real Estate) and the rules of fiduciary responsibility is to disclose material information that might affect the price and/or sale of the property, even if the buyer does not ask for it. This means that licensees are required to provide important information about the property that could impact the buyer's decision or the transaction itself, regardless of whether the buyer specifically asks for it.