Question

In the scenario where Broker A is selling property to Buyer B, when is Broker A required to disclose his interest?

Option 1: Only when Buyer B requests the information.
Option 2: Always, regardless of Buyer B's request.
Option 3: Only if Buyer B is a first-time property buyer.
Option 4: Never, as it is not a legal requirement.

Answer 1

Broker A is always required to disclose his interest, regardless of Buyer B's request.

Step-by-step explanation:

In the scenario where Broker A is selling property to Buyer B, Broker A is always required to disclose his interest, regardless of Buyer B's request. This is because Broker A has a fiduciary duty to act in the best interest of Buyer B and provide all relevant information that could influence their decision. Failing to disclose his interest would be considered a breach of this duty and could result in legal consequences.