Agency
Under California law, a real estate salesperson legally works under the license of and owes their primary fiduciary duty to:
AThe buyer or seller they represent
BThe California Department of Real Estate
CTheir employing broker✓ Correct
DThe National Association of Realtors
Explanation
A salesperson's license is held under their employing broker. Legally, the salesperson acts as an agent of the broker, and the broker is responsible for the salesperson's conduct.
Related California Agency Questions
- What is 'ratification' in the context of agency law?
- Which of the following would NOT terminate an agency relationship?
- In California, which form confirms the agency relationship at the time a purchase agreement is executed?
- California's agency disclosure requirements mandate that the disclosure be made to a buyer or seller:
- A buyer's agent discovers that a home has significant foundation problems not disclosed by the seller. What is the agent's duty?
- What is 'ostensible agency' (also called apparent agency)?
- What is 'ratification' as it applies to agency?
- When must a California real estate agent provide the 'Disclosure Regarding Real Estate Agency Relationships' form?
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