AgencyIntermediateArizona Exam

A salesperson working for Broker A shows a property listed by Broker B. The salesperson is acting as:

AA subagent of the listing broker, representing the seller's interests
BA buyer's agent if the buyer has signed a buyer representation agreement with Broker ACorrect
CAn automatic subagent of the seller by operation of MLS cooperation rules, regardless of any buyer agreement
DAn independent contractor with no agency relationship to either party

Why A buyer's agent if the buyer has signed a buyer representation agreement with Broker A Is Correct

Answer B: A buyer's agent if the buyer has signed a buyer representation agreement with Broker A

If the buyer has a signed buyer representation agreement with Broker A, the salesperson from Broker A is acting as a buyer's agent. Without such an agreement, the agency relationship is ambiguous and must be clarified.

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

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