Check Your Understanding Answers
- What is a customer?
A customer is someone the licensee is not representing.
- What can a licensee not provide to a customer?
Advice and counsel
- What is a material fact?
A material fact is anything that a customer may not be able to discover on his or her own that would change the customer’s approach on whether or not to continue with the transaction.
- Why should a customer be told to be careful what he or she says around the listing agent?
Because the seller will be told information that could enhance the seller’s negotiating position.
