Agency
In Arizona, when a licensee represents a buyer, all offers submitted by that licensee to the seller must:
ABe submitted through the listing broker only
BBe in writing and accurately reflect the buyer's wishes✓ Correct
CInclude a written statement from the buyer authorizing the submission
DBe accompanied by the agency disclosure form
Explanation
Offers submitted by a buyer's agent must accurately reflect the buyer's wishes and instructions. An agent who submits offers that don't accurately represent the buyer's wishes—whether inflating or understating terms—violates their fiduciary duty to the buyer.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
State-Specific Concepts
Disclosure Requirements
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