An Alaska buyer tells their agent they want a house with an assumable mortgage. The agent has a duty to:
Why Diligently search for and show properties meeting the buyer's criteria, including investigating mortgage assumability Is Correct
Answer B: Diligently search for and show properties meeting the buyer's criteria, including investigating mortgage assumability
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.
Key Agency Terms in This Question
People Also Study
Related Alaska Questions
- The duty of 'reasonable care and diligence' in Alaska agency law requires an agent to:Agency
- An Alaska licensee who fails to present a written counteroffer to the seller's broker within a reasonable time may be in violation of their duty of:Alaska License Law
- A buyer performing due diligence on an Alaska property should check for which specific concern unique to Alaskan coastal properties?Environmental
- Which type of Alaska mortgage loan is specifically designed for rural areas and typically requires no down payment?Finance
- An Alaska lender requires title insurance as a condition of making a mortgage loan. The cost is typically paid by:Finance
- Under Alaska law, an agent who represents a buyer in a new construction purchase must disclose their agency status to:Agency
- A real estate agent in Alaska tells a buyer that a particular neighborhood is 'not the right fit' for their family without any factual basis. This statement may constitute:Fair Housing
- A deed restriction in Alaska that requires properties in a neighborhood to be used only for residential purposes is an example of:Property Ownership
Key Terms to Know
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
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.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
State-Specific Concepts
Study This Topic
Practice More Alaska Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →