Agency
A real estate agent in Alaska who represents both buyer and seller in the same transaction is called a:
ASubagent
BDual agent✓ Correct
CFacilitator
DTransaction broker
Explanation
When a single agent represents both buyer and seller in the same transaction, it is known as dual agency. In Alaska, dual agency is permitted only with the informed written consent of all parties.
Related Alaska Agency Questions
- An Alaska listing agent learns from the seller that the well occasionally runs dry in summer. The agent must:
- When a seller's agent accidentally discloses confidential seller information to the buyer, the agent has violated the duty of:
- Under Alaska agency law, which type of agency relationship requires written disclosure and consent from both parties?
- A listing agent who learns that the seller is in financial distress and must sell quickly:
- In Alaska, an agent who has 'apparent authority' is acting on authority that:
- An Alaska real estate agent who acts beyond the scope of their authorized duties without the principal's consent may create liability for:
- An agent who represents neither the buyer nor the seller but facilitates the transaction is known as a:
- Subagency in Alaska traditionally meant that a cooperating broker:
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