Agency
The fiduciary duty of 'loyalty' requires a listing agent to:
ADisclose all offers received to AREC
BPlace the seller's interests above all others, including the agent's own interests✓ Correct
CRefer all buyers to independent buyer's agents
DCharge the lowest possible commission rate
Explanation
Loyalty means the agent must act solely in the principal's best interest. The agent must not let personal gain, the buyer's preferences, or other factors override the seller's interests.
Related Arkansas Agency Questions
- Negligent misrepresentation differs from fraudulent misrepresentation in that it involves:
- Which of the following best describes a subagent?
- In Arkansas, a buyer's agent owes which of the following duties to the buyer-client?
- A listing agent learns that the seller plans to accept any offer above $180,000, though the property is listed at $220,000. The listing agent:
- In Arkansas, which written document typically establishes the seller's agency relationship with a listing broker?
- A listing agent learns that the seller is going through a divorce and must sell quickly. The listing agent must:
- The duty of OBEDIENCE requires an agent to:
- A real estate agent who represents both the buyer and seller in the same transaction is known as a:
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →