Agency
In Alaska, a buyer who verbally asks a seller's agent to help them negotiate is MOST likely creating:
AAn express buyer agency agreement
BAn implied agency relationship with the seller's agent✓ Correct
CA subagency relationship
DNo agency relationship since nothing is in writing
Explanation
If a seller's agent assists a buyer in negotiating a purchase, an implied agency relationship may arise even without a written agreement. This inadvertent dual agency can expose the agent to liability if not properly disclosed and consented to by all parties.
Related Alaska Agency Questions
- In Alaska, an agent's duty to the client 'to account' for all money or property received includes:
- Which of the following correctly describes the relationship between an Alaska broker and affiliated salespersons?
- An Alaska seller's agent receives an unsolicited text message from a buyer that contains information about the buyer's maximum purchase price. The agent should:
- Under Alaska law, the agent who earns a commission by procuring a buyer is called the:
- In Alaska, the 'fiduciary duty of loyalty' means an agent will NOT:
- In Alaska, when does a buyer's agency agreement typically terminate?
- Under an 'exclusive agency' listing in Alaska, the seller:
- An Alaska buyer's agent who has reason to believe the seller's disclosure statement contains false information should:
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