Agency
In California, a real estate 'agent' as defined by the agency disclosure law refers to:
AOnly the salesperson who works directly with the buyer or seller
BThe licensed real estate broker who represents the principal in a transaction✓ Correct
CAny licensed person working in a real estate office
DThe escrow officer who facilitates the closing
Explanation
Under California Civil Code §2079, 'agent' in the context of agency disclosure refers to the licensed real estate broker (not the salesperson). Salespersons are 'associate licensees' who act on behalf of and under the supervision of their broker.
Related California Agency Questions
- The duty of 'accounting' in a fiduciary relationship requires an agent to:
- In California, when a broker represents both buyer and seller with written consent, what limitations apply to the dual agent?
- When does an agency relationship typically terminate in a listing agreement?
- Under California law, which of the following disclosures is the listing agent required to make to a buyer?
- An agent who represents both the buyer and the seller in the same transaction is known as a:
- A property manager hired by an owner to manage an apartment complex is an example of what type of agent?
- Which of the following is NOT a fiduciary duty an agent owes to their principal?
- In California, a real estate agent who represents the buyer and the seller in the same transaction is known as a:
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