Agency
In Alaska, when a listing agent is also the managing agent for the property, their agency relationships create potential conflicts because they owe fiduciary duties to the seller/owner but may also interact with tenants. The agent should:
AAlways prioritize the tenant's interests since they pay rent
BClearly define the agency relationships and disclose any potential conflicts to all parties✓ Correct
CRefuse to represent property owners in properties they manage
DOnly represent the seller and not interact with tenants
Explanation
When an agent serves multiple roles, clear disclosure and definition of each role is essential. The agent should define their representation relationships in writing, disclose potential conflicts, and ensure all parties understand who the agent represents in each context.
Related Alaska Agency Questions
- An Alaska buyer's agent discovers that the property has an unrecorded easement. The agent's duty is to:
- Under Alaska law, which action by an agent would constitute a breach of the duty of 'full disclosure' to a client?
- Which type of agency is created when an agent acts on behalf of a principal without explicit authorization, but the principal later approves the action?
- The fiduciary duty of 'obedience' requires the agent to follow all client instructions EXCEPT:
- A listing agent who learns that the seller is in financial distress and must sell quickly:
- A buyer's agent in Alaska who shows the buyer a property listed by the same brokerage should:
- A property manager acting as an agent for a landlord in Alaska owes the tenant:
- In Alaska, a seller's agent owes which of the following duties to an unrepresented buyer?
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