Agency
In Alaska, a real estate agent acting as a 'facilitator' (non-agent) primarily differs from an agent because the facilitator:
AMay charge higher fees than agents
BDoes not represent either party and owes neither the full fiduciary duties of agency✓ Correct
CMust hold a higher level of license than a salesperson
DIs not required to be licensed
Explanation
A facilitator assists both parties in completing a transaction without representing either one. Unlike an agent, the facilitator does not owe fiduciary duties (loyalty, confidentiality) to either party — but does owe limited duties of honesty, fair dealing, and disclosure of known material facts to both.
Related Alaska Agency Questions
- When does a seller's listing agency relationship terminate?
- When an Alaska seller's agent presents a low offer to the seller, the agent's duty is to:
- A listing agent in Alaska has a duty to disclose to the seller all EXCEPT:
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- An Alaska buyer's agent who has reason to believe the seller's disclosure statement contains false information should:
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