What is one obligation of a broker when acting on behalf of a seller?

A broker acting on behalf of a seller has a fiduciary duty to act in the best interests of the seller. This includes the obligation to disclose any material facts about the transaction. Material facts are those that could influence the seller's decision or the value of the property. By providing this information, the broker ensures that the seller can make informed decisions regarding the sale, which is essential for maintaining transparency and trust in the professional relationship.

The importance of disclosure lies in the legal and ethical expectations placed on brokers. This requirement protects the interests of the seller and promotes fairness in the real estate process. It is also a key factor in building a reputable practice, as failing to disclose material facts can lead to legal repercussions and damage to the broker’s credibility.

Other options do not align with the responsibilities of a broker. For example, withholding potential conflicts of interest or avoiding communication with the seller undermines the duty of loyalty and open communication essential to the broker-seller relationship. Purchasing the property for personal gain conflicts directly with the broker's obligations and could be seen as self-dealing, which is unethical and potentially illegal in many jurisdictions.