Agency
A real estate agent who represents the buyer is known as a:
AListing agent
BBuyer's agent✓ Correct
CCooperating agent
DSubagent of the seller
Explanation
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.
Related Delaware Agency Questions
- Delaware's Seller Agent Disclosure requires that the listing agent provide the seller with written disclosure of agency:
- An agent's duty of accounting requires the agent to:
- Express agency is created by:
- Under Delaware agency law, which duty does an agent owe ONLY to their client (not to customers)?
- What is the principal-agent relationship in Delaware real estate?
- Dual agency in Delaware is:
- A Delaware seller's agent learns that the property's roof has a significant undisclosed leak. The agent must:
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