Agency
In an Arkansas real estate transaction, the agent who represents the seller is typically called the:
ABuyer's agent
BListing agent✓ Correct
CTransaction broker
DDual agent
Explanation
The listing agent, also called the seller's agent, represents the seller in a real estate transaction and owes fiduciary duties to the seller.
Related Arkansas Agency Questions
- Dual agency in Arkansas requires:
- Which of the following best describes an 'arm's-length transaction'?
- The term 'fiduciary' in real estate agency means the agent:
- An agent who misrepresents property square footage in the MLS is guilty of:
- A seller instructs the listing agent to tell buyers the roof was recently replaced, when in fact it was not. The agent should:
- A seller's agent who tells a buyer a home is in 'perfect condition' when they know there are major plumbing defects is guilty of:
- When a real estate agent is found to have an undisclosed interest in a transaction, the principal may:
- A cooperating broker who finds a buyer for a listed property typically earns compensation through:
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