AgencyIntermediateDelaware Exam
A real estate agent who represents the buyer is known as a:
AListing agent
BBuyer's agentCorrect
CCooperating agent
DSubagent of the seller
Why Buyer's agent Is Correct
Answer B: Buyer's agent
A buyer's agent represents the interests of the buyer in a real estate transaction, owing fiduciary duties of loyalty, confidentiality, disclosure, obedience, and reasonable care to the buyer.
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
Key Agency Terms in This Question
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