A real estate agent must disclose their agency relationship to all parties:
Why As soon as practicable before the buyer or seller signs an offer Is Correct
Answer B: As soon as practicable before the buyer or seller signs an offer
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.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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 California Questions
- In California, which form is used to disclose the agency relationship to buyers and sellers?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, 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
- In California, which form confirms the agency relationship at the time a purchase agreement is executed?Agency
- In a California standard residential purchase agreement, when does an offer become a binding contract?Contracts
- Under California law, when must a real estate licensee disclose their license status to the other party in a transaction?DRE & Licensing
- Which California agency is primarily responsible for enforcing state housing law and ensuring cities meet their Regional Housing Needs Allocation (RHNA)?Land Use & Zoning
Key Terms to Know
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
State-Specific Concepts
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