Agency
Under California's DRE regulations, a salesperson's agency obligations ultimately flow through:
AThe California Association of REALTORS®
BThe employing broker✓ Correct
CThe MLS association
DThe state Department of Real Estate directly
Explanation
A salesperson acts as an agent of their employing broker, and the broker is responsible for the salesperson's conduct. The salesperson's agency relationship with clients is established through and supervised by the broker.
Related California Agency Questions
- Which of the following is a fiduciary duty owed by a California listing broker to the seller?
- A listing agreement is a contract between:
- When must a listing agent provide the agency disclosure form to the seller?
- A seller's agent who unintentionally creates an agency relationship with the buyer by providing advice and assistance may be guilty of:
- Under California law, a real estate broker who manages property for clients must maintain a separate trust account for client funds. Mixing client funds with the broker's personal funds is called:
- What is 'ratification' in the context of agency law?
- The duty of an agent to keep the principal informed of all facts relevant to the transaction is called:
- A seller's agent who learns the seller is willing to accept less than the listing price must:
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