Agency
In Alaska, the 'fiduciary duty of loyalty' means an agent will NOT:
APresent all offers to the seller
BDisclose the seller's minimum price to the buyer's agent✓ Correct
CAdvise the seller to obtain an independent appraisal
DMarket the property aggressively
Explanation
The duty of loyalty prohibits an agent from acting in any way that is adverse to the client's interests. Disclosing the seller's minimum acceptable price to the buyer's agent would directly undermine the seller's negotiating position and violates the duty of loyalty.
Related Alaska Agency Questions
- An Alaska buyer's agent discovers that the property the buyer wants to purchase is owned by the buyer's agent's parent. The agent must:
- Under Alaska agency law, which type of agency relationship requires written disclosure and consent from both parties?
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