An agent showing a buyer a property that is NOT listed by the buyer's agent's brokerage is most likely acting as:
Why A buyer's agent for that transaction Is Correct
Answer C: A buyer's agent for that transaction
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
Key Agency Terms in This Question
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- A licensee working with a buyer who has not signed a buyer representation agreement is considered to be:Agency
- Which listing agreement type provides the brokerage with the greatest level of protection and is MOST commonly used?Agency
- In Alabama, a written brokerage agreement that creates an agency relationship between a broker and seller is called a:Agency
- An agent who continues to act for a principal after the agency agreement has expired is acting:Agency
Key Terms to Know
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
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