Agency
In Alaska, a buyer's agent who submits an offer below the listing price on behalf of the buyer is:
AViolating the duty not to harm the seller
BFulfilling their fiduciary duty to the buyer by helping them make a competitive offer in their best interest✓ Correct
CCreating an adversarial relationship with the listing broker
DRequired to inform the listing agent of the buyer's maximum price
Explanation
A buyer's agent's duty is to represent the buyer's best interests. Submitting an offer the buyer believes is appropriate — even below the listing price — is proper buyer's agency. The agent has no duty to the seller that requires them to offer full price.
Related Alaska Agency Questions
- Which of the following best describes a designated agency arrangement?
- Under Alaska law, dual agency requires:
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- In Alaska, an agent's duty to the client 'to account' for all money or property received includes:
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- A listing expires without a sale. Three weeks later, the seller accepts an offer from a buyer who was shown the property by the original agent during the listing period. Under most Alaska listing agreements, the seller may owe a commission if:
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