AgencyIntermediateAlaska Exam

A buyer's agent who fails to present an offer to the seller's agent because they believe it is 'too low' is:

AActing within their discretion as a professional advisor
BViolating their fiduciary duty to the buyer-clientCorrect
CComplying with MLS rules that prohibit low offers
DActing legally as long as they inform the buyer afterward

Why Violating their fiduciary duty to the buyer-client Is Correct

Answer B: Violating their fiduciary duty to the buyer-client

A buyer's agent has a fiduciary duty to follow the lawful instructions of the buyer-client, including presenting all offers the buyer wishes to submit. Withholding or delaying an offer based on the agent's personal judgment violates the duty of obedience owed to the buyer.

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

Fiduciary Duty

The highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.

Buyer's Agent

A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.

Lien

A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.

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