Agency
In Alaska, a 'facilitator' agency disclosure means the licensee:
ARepresents the buyer exclusively
BAssists the transaction without representing either party as a fiduciary✓ Correct
CIs a dual agent representing both parties
DRepresents the seller under a subagency agreement
Explanation
A facilitator (transaction broker) in Alaska assists both buyer and seller in completing the transaction without establishing a fiduciary relationship with either party. The facilitator owes limited duties of honesty, fairness, and material disclosure, but not undivided loyalty or confidentiality.
Related Alaska Agency Questions
- An Alaska buyer tells their agent they want a house with an assumable mortgage. The agent has a duty to:
- In Alaska, a 'subagent' is best described as:
- Which of the following BEST defines 'actual authority' in a real estate agency context?
- In Alaska, an 'exclusive right-to-sell' listing agreement protects the broker's commission when:
- An Alaska buyer's agent presents an offer below the listing price. The listing agent tells the buyer's agent that the seller 'needs to get at least $10,000 more than this offer.' This disclosure by the listing agent violates:
- Under Alaska law, which action by an agent would constitute a breach of the duty of 'full disclosure' to a client?
- In Alaska, a seller's agent who shows the property to an unrepresented buyer is interacting with that buyer as a(n):
- Under an 'exclusive agency' listing in Alaska, the seller:
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