Agency
Which of the following best describes 'agency' in real estate?
AA government body that regulates real estate
BA fiduciary relationship where one party acts on behalf of another✓ Correct
CA written contract between buyer and seller
DA type of property ownership
Explanation
Agency is a fiduciary relationship in which an agent is authorized to act on behalf of a principal (client). The agent owes duties of loyalty, confidentiality, and care to the principal.
Related California Agency Questions
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