Agency
In Arizona, a seller's agent owes which of the following duties to a buyer who is NOT represented?
AFull fiduciary duty including loyalty and confidentiality
BDuties of honesty, disclosure of material facts, and fair dealing✓ Correct
CNo duties whatsoever since the buyer is not their client
DThe same duties owed to the seller
Explanation
Even when representing only the seller, an Arizona agent owes non-represented parties honesty, disclosure of material facts affecting the property or transaction, and fair dealing — though not the full fiduciary duties owed to the client.
Related Arizona Agency Questions
- In Arizona, an agent representing a buyer in a transaction where the buyer's brokerage also holds the listing (in-house sale) MUST:
- An Arizona buyer who uses a buyer's agent without a written agreement may find that the agent:
- An implied agency relationship is created when:
- In Arizona, a buyer's broker agreement that is exclusive means:
- An Arizona agent working with a buyer as a buyer's agent discovers the seller's property has an unpermitted addition. The agent should:
- An agency relationship can be terminated by all of the following EXCEPT:
- An Arizona agent representing a buyer discovers a material defect in a property that the seller has not disclosed. The agent must:
- The fiduciary duty of 'loyalty' requires an agent to:
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