In Alaska, the 'fiduciary duty of loyalty' means an agent will NOT:
Why Disclose the seller's minimum price to the buyer's agent Is Correct
Answer B: Disclose the seller's minimum price to the buyer's agent
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
The 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.
AppraisalA professional estimate of a property's market value prepared by a licensed or certified appraiser.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
People Also Study
Related Alaska Questions
- An agent's duty of loyalty to a client means the agent must:Agency
- The duty of 'loyalty' in an Alaska agency relationship means the agent must:Agency
- The duty of 'loyalty' in an Alaska agency relationship primarily means:Agency
- A buyer's agent in Alaska has a fiduciary duty to:Agency
- Commingling of client funds in Alaska means:Alaska License Law
- A buyer in Alaska paid $345,000 for a home and wants to net $400,000 after a 5% commission when they eventually sell. What minimum sale price must they achieve?Real Estate Math
- An Alaska property owner wants to net $280,000 after paying a 6% commission. What must the minimum sale price be?Real Estate Math
- In Alaska, a seller paid $415,000 for a property. They want to sell it for a price that will return 8% profit after paying a 6% commission. What is the minimum sale price?Real Estate Math
Key Terms to Know
The 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.
AppraisalA professional estimate of a property's market value prepared by a licensed or certified appraiser.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Study This Topic
Practice More Alaska Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →