Agency
In Connecticut, when a real estate broker represents a buyer in a transaction, the broker is acting as:
AA subagent of the seller
BA buyer's agent with fiduciary duties to the buyer✓ Correct
CA transaction broker with limited duties
DA dual agent by default
Explanation
When a Connecticut broker enters into a buyer agency agreement, they become the buyer's agent and owe fiduciary duties including loyalty, confidentiality, disclosure, obedience, and reasonable care.
Related Connecticut Agency Questions
- A seller's agent learns the buyer is willing to pay significantly more than their offer. The agent should:
- In Connecticut, the fiduciary duty of 'reasonable care and diligence' requires a real estate agent to:
- When does a Connecticut real estate agent's agency relationship with a seller typically terminate?
- In Connecticut, the term 'implied agency' refers to an agency relationship that arises:
- Which of the following best describes a transaction broker in Connecticut?
- Under Connecticut agency law, a licensee who provides real estate services to a customer (non-client) owes:
- Sub-agency in Connecticut real estate means a cooperating broker in a transaction represents:
- If a seller instructs their Connecticut agent to keep the listing price confidential and not post it publicly, the agent must:
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