In Alaska, a seller who expressly instructs the listing agent not to disclose that the neighborhood was affected by flooding 5 years ago is asking the agent to:
Why Withhold material information, which the agent is obligated to disclose regardless Is Correct
Answer B: Withhold material information, which the agent is obligated to disclose regardless
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
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Related Alaska Questions
- In Alaska, an agent's responsibility for 'material adverse facts' about a property means the agent must disclose:Agency
- A listing agent in Alaska discovers the seller is trying to conceal a history of flooding from buyers. The agent should:Agency
- A listing agent in Alaska has a duty to disclose to the seller all EXCEPT:Agency
- A licensee in Alaska is found to have engaged in misrepresentation and fraud. Which of the following disciplinary actions can the Alaska Real Estate Commission NOT impose?Alaska License Law
- An Alaska licensee who knowingly makes a material misrepresentation to a client faces:Alaska License Law
- The fiduciary duty of 'obedience' requires the agent to follow all client instructions EXCEPT:Agency
- In Alaska, a seller's duty to disclose permafrost conditions on a residential property is based on which principle?Environmental
- An Alaska seller fails to disclose a material defect in a property. After closing, the buyer discovers the defect and sues. The buyer's cause of action is MOST LIKELY:Contracts
Key Terms to Know
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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