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:
Why A limited dual representation situation Is Correct
Answer B: A limited dual representation situation
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
Key Agency Terms in This Question
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same 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.
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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
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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