Question

Suppose you're an agent representing the seller. Which five of the following duties are owed to other parties in the transaction?

a. treat honestly and fairly
b. Disclose all material facts
c. Correct inaccurate material facts
d. Cooperate with buyer agents on showings, offers, and paperwork
e. Present offers from other parties to the seller
f. Obey instructions from the buyer's agent

Answer 1

As an agent representing the seller, you owe the duties of treating honestly and fairly, disclosing all material facts, correcting inaccurate material facts, cooperating with buyer agents, and presenting offers from other parties to the seller.

Step-by-step explanation:

As an agent representing the seller, you owe certain duties to other parties in the transaction:

1. Treat honestly and fairly: This means being transparent and not engaging in any deceptive practices.
2. Disclose all material facts: It is important to provide all relevant information about the property to the buyer.
3. Correct inaccurate material facts: If you become aware of any inaccuracies, it is your duty to rectify them.
4. Cooperate with buyer agents: You should work collaboratively with buyer agents during showings, offers, and paperwork.
5. Present offers from other parties: It is your responsibility to communicate any offers received from other parties to the seller.