Agency
When a salesperson working for Broker A shows a listing held by Broker A to a buyer who is a client of Broker A, this MOST likely creates:
AA subagency relationship
BA limited dual representation situation✓ Correct
CA transactional brokerage
DA special agency
Explanation
When a brokerage represents both the buyer and the seller in the same transaction, a limited dual representation (dual agency) situation is created, requiring written consent from both parties.
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Related Arizona Questions
- Arizona requires that dual agency (limited representation) be disclosed and consented to:Agency
- Arizona's dual agency (limited representation) requires:Agency
- 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
- A salesperson working for Broker A shows a property listed by Broker B. The salesperson is acting as:Agency
- Which of the following BEST describes 'limited dual representation' under Arizona license law?Arizona License Law
- Under Arizona Commissioner's Rules, a licensee must provide a written agency disclosure to a client:Arizona License Law
Key Terms to Know
Dual Agency
A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
AgencyA 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.
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.
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