Agency
A transaction broker in Arizona:
ARepresents only the buyer in a transaction
BFacilitates the transaction without acting as an agent for either party✓ Correct
CIs a broker licensed in multiple states
DIs appointed when the buyer and seller cannot agree on terms
Explanation
A transaction broker (also called a facilitator or non-agent) in Arizona facilitates the real estate transaction by assisting both parties without establishing a formal agency relationship with either one.
Related Arizona Agency Questions
- In Arizona, when a buyer's agent submits an offer on behalf of a client, the agent's duty regarding the offer price is to:
- In Arizona, a transaction broker (non-agent) owes the parties:
- Arizona's dual agency (limited representation) requires:
- Which of the following BEST describes a 'non-exclusive buyer broker agreement' in Arizona?
- When does an agency relationship typically terminate in a real estate transaction?
- In Arizona, an agent who represents both the buyer and seller in the same transaction is called a:
- In Arizona, which scenario creates an undisclosed dual agency — a violation of license law?
- A listing agent who, without authorization, tells the buyer that the seller will accept $20,000 below list price has breached the duty of:
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