which of these circumstances does not require agent disclosure?

Although Betty may explain each section of the form, she should neither mark the boxes nor sign on the seller's behalf. The Real Estate License Act authorizes a license holder to disclose the information. D) 9. <> True When members or candidates providing investment services also serve as directors, they should be isolated from those making investment decisions by the use of firewalls or similar restrictions. An obvious conflict of interest is the rebate of a portion of the service fee some classes of mutual funds charge to investors. Gloria is the listing broker in a listing agreement between herself and Richard, the seller. Suggest that the sellers disclose everything that is included on the inspection report, whether it is justified or not, in order to avoid a charge of misrepresentation. It is the plan fiduciaries obligation to ensure that reasonableness. The broad definition includes major medical plans, vision plans, dental plans, health reimbursement arrangements and flexible spending accounts. You have walked through the home and examined it. Where practicable, the lawyer should first seek to persuade the client to take suitable action to obviate the need for disclosure. A buyer Unit 3 - Duties and Disclosures to Third Parties Flashcards Believing that his firm would not be interested in such a security, Smith purchases a note linked to a Russian telecommunications company for his own account without informing Marlborough. After being employed for six months, Dagan became eligible to participate in the retirement plan, and she intends to allocate her retirement plan assets in six of the investment options, including the fund managed by her RMB colleagues. Lockton comment: Under ERISA, if the plan engages in a prohibited transaction, the plans fiduciaries could be liable for any losses to the plan resulting from the arrangement and could be subject to a 20% penalty on any amounts recovered in connection with the prohibited transaction. Learn more in our, Ethics for the Investment Management Profession, Code of Ethics and Standards of Professional Conduct, Example 1 (Conflict of Interest and Business Relationships), Example 2 (Conflict of Interest and Business Stock Ownership), Example 3 (Conflict of Interest and Personal Stock Ownership), Example 4 (Conflict of Interest and Personal Stock Ownership), Example 5 (Conflict of Interest and Compensation Arrangements), Example 6 (Conflict of Interest, Options, and Compensation Arrangements), Example 7 (Conflict of Interest and Compensation Arrangements), Example 8 (Conflict of Interest and Directorship), Example 9 (Conflict of Interest and Personal Trading), Example 10 (Conflict of Interest and Requested Favors), Example 11 (Conflict of Interest and Business Relationships), Example 12 (Disclosure of Conflicts to Employers). /content/aba-cms-dotorg/en/groups/professional_responsibility/publications/model_rules_of_professional_conduct/rule_1_6_confidentiality_of_information/comment_on_rule_1_6. Equally important is the disclosure of arrangements in which the firm benefits directly from investment recommendations. The owner suffers a heart attack Which type of death on the property would a seller have to disclose? Reebok International Ltd. is a global company that designs and markets sports and fitness products, including footwear, apparel, and accessories. False, TREC requires that real estate agents research the presence of registered sex offenders in the neighborhood if the purchasers have children under the age of six. B) After his initial report on the company, Fargmons wife inherits from a distant relative US$3 million of Kincaid stock. Because of various types of agency as well as the legal gray area surrounding seller disclosures, REALTORS must use due diligence in the disclosure department.