A broker who fails to disclose a buyer's financial difficulties to the seller has breached his fiduciary duty.

Question

Quizplus · Accepted Answer

A broker acting as an agent for a seller has a fiduciary duty to act in the best interests of the seller, which includes disclosing material facts that could affect the seller's decision-making, such as a buyer's financial difficulties. Failure to disclose such information is a breach of this duty.

A Broker Who Fails to Disclose a Buyer's Financial Difficulties