Which of the following statements is true with regard to an agent's duties?
A) A real estate agent may buy property from a third party if it is at a good price and then sell the property to his or her principal at a higher price.
B) An agent must always scrupulously account for money coming into his or her hands on behalf of his principal.
C) An agent need not disclose all relevant information to the principal.
D) An agent is not entitled to the agreed-upon commission and reasonable expenses undertaken on behalf of his or her principal in carrying out his or her duties.
E) An agent cannot act for two principals even with the knowledge and consent of those principals.
Correct Answer:
Verified
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