In Alaska, if a real estate firm represents both the buyer and seller in the same transaction without designating separate agents, this is considered:
Why Permitted dual agency with written consent Is Correct
Answer B: Permitted dual agency with written consent
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.
Key Agency Terms in This Question
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- Under Alaska agency law, which type of agency relationship requires written disclosure and consent from both parties?Agency
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- Under Alaska law, dual agency requires:Agency
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- In Alaska, which of the following requires a licensee to provide a written agency disclosure to a consumer?Alaska License Law
- Under Alaska license law, dual agency means:Alaska License Law
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Key Terms to Know
A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate 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.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
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