Agency
What is the primary purpose of Alaska's agency disclosure form?
ATo establish commission rates between broker and client
BTo inform clients about the types of agency relationships available and the duties owed✓ Correct
CTo create a binding listing agreement
DTo satisfy title insurance requirements
Explanation
Alaska's agency disclosure form informs buyers and sellers about the different types of agency relationships (seller's agent, buyer's agent, dual agent) and the corresponding duties the licensee owes to each.
Related Alaska Agency Questions
- Ostensible (apparent) agency in real estate most commonly arises when:
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- An Alaska real estate agent who has a personal financial stake in the outcome of a transaction (such as owning shares in the buyer's company) has:
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