Agency
The term 'client' in Arizona real estate agency means:
AAny person who contacts a licensee
BA buyer or seller who has entered into an agency relationship with the licensee✓ Correct
CAny person who visits an open house
DAny party to a transaction
Explanation
A 'client' is a person who has entered into an agency relationship with a real estate licensee, creating fiduciary duties. A 'customer' is a third party (not the agent's principal) who receives limited duties like honesty but not fiduciary duties.
People Also Study
Related Arizona Questions
- The fiduciary duty of confidentiality in an Arizona agency relationship means the agent must:Agency
- In a transaction brokerage (non-agency) relationship in Arizona, the licensee owes the customer:Agency
- Under Arizona Commissioner's Rules, a licensee must provide a written agency disclosure to a client:Arizona License Law
- An Arizona licensee who receives a gift of significant value from a service vendor in connection with a client's transaction must:Arizona License Law
- 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:Agency
- In Arizona, a real estate licensee who receives a written complaint from a client has how many days to respond to an ADRE complaint notice?Arizona License Law
- A real estate licensee in Arizona is found guilty of making a material misrepresentation to a client. Which ADRE action is most likely?Arizona License Law
- Arizona requires that dual agency (limited representation) be disclosed and consented to:Agency
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.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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.
Study This Topic
Practice More Arizona Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arizona Quiz →