Agency
In Alaska, an agent who acts as both a listing agent and property manager for the same property owner has a duty to:
AKeep these roles completely separate with separate compensation
BDisclose both roles to all parties and ensure the combined responsibilities don't create conflicts✓ Correct
CObtain separate licenses for each function
DAlways give priority to the property management role
Explanation
When an agent serves dual roles for the same client, they must clearly disclose both roles and be vigilant that the combined responsibilities do not create undisclosed conflicts of interest. Transparency with clients about all roles and their scope is essential.
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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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