A listing agent in Alaska has a duty to disclose to the seller all EXCEPT:
Why Confidential information about the buyer's negotiating strategy that the buyer shared with their own agent Is Correct
Answer C: Confidential information about the buyer's negotiating strategy that the buyer shared with their own agent
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.
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- An Alaska real estate agent who acts beyond the scope of their authorized duties without the principal's consent may create liability for:Agency
- An Alaska buyer's agent presents an offer below the listing price. The listing agent tells the buyer's agent that the seller 'needs to get at least $10,000 more than this offer.' This disclosure by the listing agent violates:Agency
- A licensee in Alaska who makes a 'net listing' agreement (where the broker keeps everything above a target price) should know that such agreements:Alaska License Law
- Under Alaska agency law, a listing agent's duty to the seller MOST commonly includes all of the following EXCEPT:Agency
- Under Alaska law, which action by an agent would constitute a breach of the duty of 'full disclosure' to a client?Agency
- An Alaska broker receives a 6% commission on a sale. The broker pays the listing salesperson 50% and the selling salesperson 40% of their respective halves. The sale price is $480,000. How much does the selling salesperson earn?Real Estate Math
- An Alaska real estate salesperson wants to advertise their services independently without mentioning their employing broker. This is:Alaska License Law
- In Alaska, a seller's duty to disclose permafrost conditions on a residential property is based on which principle?Environmental
Key Terms to Know
The highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
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.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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