Agency
An agent's duty of loyalty to a client means the agent must:
AAlways recommend the highest listed price
BPlace the client's interests above all others, including the agent's own✓ Correct
CDisclose all offers received on the property
DAlways recommend accepting the first offer
Explanation
The fiduciary duty of loyalty requires an agent to place the client's interests above their own and above the interests of any third party, including the agent's interest in earning a commission.
Related Alaska Agency Questions
- Under an 'exclusive agency' listing in Alaska, the seller:
- If a seller's agent inadvertently creates an implied agency relationship with a buyer by extensively advising them, the most significant risk is:
- A listing agent learns that the seller is willing to accept $20,000 less than the listed price. The agent should:
- When a buyer's agent receives a counteroffer from the seller, the agent's duty is to:
- Ostensible (apparent) agency in real estate most commonly arises when:
- When an Alaska buyer's agent shows the buyer a property that is not in the MLS (a 'pocket listing'), the agent should:
- Under Alaska agency law, when must a licensee provide the agency disclosure to a potential buyer?
- A buyer in Alaska signs a buyer representation agreement. This agreement typically includes:
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