A Listing Agent Is Bound by His Fiduciary Relationship to Be

question 19

True/False

A listing agent is bound by his fiduciary relationship to be loyal to the seller. With regards to working with a buyer, the listing salesperson must disclose hidden defects to the buyer.

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Definitions:

Loftus's Studies

Research conducted by psychologist Elizabeth Loftus, focusing on the malleability and unreliability of human memory, especially in the context of eyewitness testimony.

False Memories

The phenomena where a person recalls something that did not happen or recalls it differently from the way it actually happened.

Repressed Memories

Memories that have been unconsciously blocked due to being associated with a high level of stress or trauma.

Psychoanalysis

A therapeutic approach and theory of psychology developed by Sigmund Freud, focusing on unconscious motivations and conflicts as they influence behavior.