Agency
The duty of 'loyalty' in an Alaska agency relationship primarily means:
AThe agent must always recommend the client's listed price
BThe agent must place the client's interests above the agent's own interests and those of third parties✓ Correct
CThe agent must stay with the client's transaction until closing
DThe agent must disclose all offers regardless of the client's instructions
Explanation
The duty of loyalty requires an agent to place the client's interests above all others — including the agent's own financial interests, the interests of cooperating brokers, and those of the other party to the transaction. This is the hallmark of a fiduciary relationship.
Related Alaska Agency Questions
- Alaska law requires that agency disclosure be made:
- An agency relationship is most commonly created by:
- A buyer's agent in Alaska has a fiduciary duty to:
- An Alaska listing agent's 'duty to market' the property includes which of the following?
- In Alaska, the doctrine of 'apparent authority' can bind a principal when:
- 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?
- When does a seller's listing agency relationship terminate?
- In Alaska, a listing agent may be authorized by the seller to accept offers on the seller's behalf under which type of authority?
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