Virginia Real Estate Exam Practice Question
What must you disclose to be in full compliance with an agent`s fiduciary duty to disclosure?
Correct Answer: C
Rationale: In order to uphold an agent's fiduciary duty to disclose, it is essential to reveal conflicts of interest, material facts, and adverse material facts. This comprehensive disclosure ensures that all relevant information is shared, allowing clients to make informed decisions.
Option A, while important, focuses solely on confidential information, which does not encompass the full scope of required disclosures. Option B addresses conflicts of interest but neglects material facts and adverse material facts, which are critical for transparency. Option D omits conflicts of interest, which are vital in maintaining trust and integrity in the agent-client relationship.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now