Agency
An agency relationship is most commonly created by:
AThe licensee performing services without a written agreement
BA verbal or written listing agreement between broker and principal✓ Correct
CThe principal paying a commission at closing
DThe broker registering the client with the MLS
Explanation
Agency relationships in real estate are most commonly created by a listing agreement or buyer representation agreement between the broker and the principal. While implied agency can arise from conduct, a written agreement is the standard and preferred method.
Related Alaska Agency Questions
- Which of the following actions would terminate an agency relationship in Alaska by operation of law?
- When an Alaska buyer's agent shows the buyer a property that is not in the MLS (a 'pocket listing'), the agent should:
- A listing agent who learns that the seller is in financial distress and must sell quickly:
- Which of the following is NOT a fiduciary duty owed by an agent to a principal?
- In Alaska, designated agency means:
- An agent's fiduciary duty of 'confidentiality' survives:
- Subagency in Alaska traditionally meant that a cooperating broker:
- In Alaska, a seller's agent owes which of the following duties to an unrepresented buyer?
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