Agency
An Alaska real estate agent who has a personal financial stake in the outcome of a transaction (such as owning shares in the buyer's company) has:
ANo additional obligations beyond standard agency duties
BA conflict of interest that must be disclosed to the client✓ Correct
CAn automatic disqualification from representing any party
DA duty to immediately report to the Commission
Explanation
An agent with a personal financial interest in a transaction has a conflict of interest that must be disclosed to the client. The client can then decide whether to continue the agency relationship or seek independent representation.
Related Alaska Agency Questions
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