Agency
The agency relationship between a broker and client is MOST commonly created by:
AVerbal agreement only
BA listing agreement or buyer broker agreement✓ Correct
CThe act of showing a property
DThe MLS listing alone
Explanation
Agency is most commonly established through a written employment agreement — a listing agreement for sellers or a buyer broker agreement for buyers — which defines the relationship and scope of authority.
Related Arizona Agency Questions
- A transaction broker in Arizona:
- When an Arizona agent represents the seller and introduces the buyer as their own client without a buyer's agreement, creating an inadvertent dual agency, the agent should:
- An Arizona 'open listing' is characterized by:
- In Arizona, an agent who overhears the opposing party's private discussions during negotiations and uses that information to benefit their client is:
- Arizona requires that a licensee must disclose their license status when:
- Under Arizona agency law, when does the listing agent's obligation to present offers to the seller end?
- An Arizona licensee acting as a seller's agent who learns that the buyer is financially overextended and may default should:
- Under Arizona law, a buyer's broker who receives compensation from the seller or listing broker:
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