Agency
Which of the following BEST describes a buyer's agent in Arizona?
AAn agent who works exclusively with sellers
BAn agent who represents the buyer's interests exclusively in a transaction✓ Correct
CAn agent who is a subagent of the listing broker
DAn agent who works for the seller but assists the buyer
Explanation
A buyer's agent represents the buyer's interests exclusively, owes fiduciary duties to the buyer, and is obligated to negotiate the best possible terms for the buyer.
Related Arizona Agency Questions
- In Arizona, an agent representing a buyer in a transaction where the listing agent represents the seller is called:
- In Arizona, an agent representing a buyer in a transaction where the buyer's brokerage also holds the listing (in-house sale) MUST:
- Under Arizona law, limited dual representation requires:
- Which document in Arizona formally establishes a buyer's agency relationship with a brokerage?
- Under Arizona agency law, the duty of confidentiality means an agent must NOT disclose:
- An Arizona listing agent learns from the seller that the home's roof has leaked for years but has been cosmetically patched. The agent shows the home to a buyer without disclosing the roof history. This is MOST likely a violation of the agent's duty of:
- In a transaction brokerage (non-agency) relationship in Arizona, the licensee owes the customer:
- In Arizona, when a broker represents both the buyer and seller in the same transaction, this is known as:
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