Agency
When a seller's broker represents the seller and the buyer is unrepresented, the broker owes the buyer:
AFull fiduciary duties including undivided loyalty
BNo duties at all
CLimited duties: honesty, fair dealing, and disclosure of known material facts✓ Correct
DFiduciary duties because the buyer is a member of the public
Explanation
Even when a buyer is unrepresented, a seller's broker owes them limited statutory duties: honesty, fair dealing, and disclosure of known material facts affecting the property. The broker does not owe the buyer full fiduciary duties, as those are reserved for the seller-client.
Related Alaska Agency Questions
- The fiduciary duty of 'obedience' requires the agent to follow all client instructions EXCEPT:
- In Alaska, the 'fiduciary duty of loyalty' means an agent will NOT:
- In Alaska, a seller's agent owes which of the following duties to an unrepresented buyer?
- In Alaska, which statement about subagency is TRUE?
- In Alaska, if a real estate firm represents both the buyer and seller in the same transaction without designating separate agents, this is considered:
- A buyer's agent in Alaska who shows the buyer a property listed by the same brokerage should:
- The legal concept that holds an employing broker responsible for the acts of affiliated licensees is known as:
- Which statement about 'implied agency' is most accurate?
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