Agency
In Alaska, a broker is always the agent for the:
ABuyer in all transactions
BSeller in all transactions
CClient as defined in the agency agreement — buyer or seller depending on who the broker represents✓ Correct
DParty paying the commission
Explanation
An Alaska broker's agency relationship is defined by whom they represent under the agency agreement. A listing broker represents the seller; a buyer's broker represents the buyer. The identity of who pays the commission does not determine the agency relationship.
Related Alaska Agency Questions
- An Alaska buyer's agent who knows the buyer's maximum budget should NOT:
- Under Alaska law, the agent who earns a commission by procuring a buyer is called the:
- In Alaska, when is the agency relationship between a listing agent and seller typically terminated?
- An Alaska agent who receives a deposit that belongs to the client is acting in a(n):
- Under Alaska law, when must a licensee provide the agency disclosure?
- An Alaska seller instructs the listing agent to tell buyers the property 'has no foundation issues' when the agent has seen evidence of settling. The agent should:
- When a seller's broker represents the seller and the buyer is unrepresented, the broker owes the buyer:
- The fiduciary duty of 'accounting' requires a real estate agent to:
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