Agency
Under Arizona law, a real estate licensee who is the buyer's designated agent in a transaction owes which duty to the seller?
AFull fiduciary duties including confidentiality and loyalty
BThe duty to act honestly and fairly, disclose known material defects, and not engage in fraud or misrepresentation✓ Correct
CNo duties whatsoever since the licensee only represents the buyer
DThe duty to present the buyer's offer in the strongest possible light
Explanation
Even when acting as buyer's agent, an Arizona licensee owes limited duties to the other party (seller): honesty, disclosure of known material facts, and no fraud or misrepresentation. The full fiduciary duties (loyalty, confidentiality, undivided loyalty) are owed only to the client (buyer), not the opposing party.
Related Arizona Agency Questions
- In Arizona, an agent who represents both the buyer and seller in the same transaction is called a:
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- An Arizona listing broker has a duty to present all offers to the seller:
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- In Arizona, a seller's agent owes which of the following duties to a buyer who is NOT represented?
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- In Arizona, an agent who shows their own listing to an unrepresented buyer is typically acting as a:
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