Agency
A real estate licensee in Alaska acts as a 'transaction coordinator' without representing either buyer or seller. What fiduciary duties does the licensee owe?
AFull fiduciary duties to both parties
BLimited duties of honesty, disclosure of known material facts, and fair dealing to both parties✓ Correct
CFiduciary duties only to the party who pays the coordinator
DNo duties beyond those required by the licensing law
Explanation
A non-agent transaction coordinator (or facilitator) does not owe fiduciary duties to either party but must provide honesty, fair dealing, and disclosure of known material facts to all parties. This limited agency role avoids the conflicts of full dual agency.
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