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Who must an agent disclose any relationships or fees to?

  1. Only the seller

  2. Only the buyer

  3. Both the buyer and the seller

  4. Neither the buyer nor the seller

The correct answer is: Both the buyer and the seller

An agent must disclose any relationships or fees to both the buyer and the seller because it is their ethical and legal responsibility to provide transparency in all transactions. This means that they must inform both parties of any potential conflicts of interest or financial arrangements that may impact the transaction. Answer A is incorrect because an agent is not only obligated to inform the seller of this information, but also the buyer. Answer B is incorrect for the same reason. Answer D is incorrect because an agent is required to disclose this information to both parties involved in the transaction.