Agency
A seller's agent in Arizona owes which of the following duties to an unrepresented buyer?
AFull fiduciary duties, including loyalty and confidentiality
BNo duties whatsoever
CDuties of honesty and disclosure of material facts✓ Correct
DThe same duties owed to the seller
Explanation
Even though a seller's agent represents the seller, they still owe the unrepresented buyer duties of honesty and disclosure of material facts that could affect the buyer's decision.
Related Arizona Agency Questions
- Which document in Arizona formally establishes a buyer's agency relationship with a brokerage?
- Under Arizona agency law, ratification of an agent's unauthorized act occurs when:
- When does an agency relationship typically terminate in a real estate transaction?
- An agent who acts beyond the authority granted by the principal is acting:
- An Arizona agent learns that their seller client's property has an unpermitted addition. The agent MUST:
- The Arizona Association of REALTORS® Residential Resale Purchase Contract requires agency disclosure:
- In Arizona, at what point must a licensee provide an agency disclosure to a prospective buyer or seller?
- Which fiduciary duty requires an agent to place the client's interests above all others, including the agent's own interests?
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