A buyer's agent shows a buyer a property listed by her own broker. If neither agent is designated, this creates:
Why A dual agency situation that requires disclosure and consent Is Correct
Answer B: A dual agency situation that requires disclosure and consent
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.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
People Also Study
Related California Questions
- Under California law, if a listing agent also represents the buyer in the same transaction without proper disclosure and consent, the listing agent has committed:Agency
- The California Agency Disclosure law (Civil Code §2079) requires an agent to provide the Agency Disclosure form to buyers and sellers at what point in the transaction?Agency
- In California, when a broker represents both buyer and seller with written consent, what limitations apply to the dual agent?Agency
- In California, a listing agent who also brings the buyer and represents both parties must disclose dual agency:Agency
- Under the Agency Disclosure requirements of California Civil Code Section 2079, a listing agent must provide the agency disclosure form to a seller:DRE & Licensing
- A buyer's broker submits an offer for a property listed on the MLS. The listing broker informs the buyer's broker that the seller has received a better offer. The buyer's broker asks the seller to counter anyway. Under the law of agency and contract, the listing broker should:Contracts
- California requires a Natural Hazard Disclosure Statement (NHD) for which type of transfer?Environmental
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.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Study This Topic
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →