Agency
In a 'single agency' arrangement, the agent represents:
AOnly one property at a time
BEither the buyer or the seller, but never both in the same transaction✓ Correct
COnly sellers, never buyers
DOnly commercial clients
Explanation
Single agency means the agent represents only one party in a transaction — either the buyer or the seller — providing undivided loyalty and full fiduciary duties to that one party.
Related California Agency Questions
- An agent who secretly purchases a listing from their own seller without disclosure has violated which fiduciary duty?
- The 'procuring cause' doctrine in real estate refers to:
- In California, when a broker represents both buyer and seller with written consent, what limitations apply to the dual agent?
- A buyer's agent has a duty of disclosure. Which of the following must the buyer's agent disclose to the buyer?
- In California, a real estate agent who represents the buyer and the seller in the same transaction is known as a:
- A dual agent represents:
- Subagency in real estate refers to:
- The duty of 'reasonable care and diligence' requires a real estate agent to:
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