What is a 'buyer's agent' obligation regarding properties the buyer is not being shown?
Why A buyer's agent should proactively search for properties meeting the buyer's criteria and not restrict the buyer's options based on commission amount or brokerage affiliation Is Correct
Answer B: A buyer's agent should proactively search for properties meeting the buyer's criteria and not restrict the buyer's options based on commission amount or brokerage affiliation
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
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
SteeringAn illegal practice where a real estate agent directs buyers toward or away from certain neighborhoods based on the buyer's race, religion, national origin, or other protected characteristics.
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Key Terms to Know
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
SteeringAn illegal practice where a real estate agent directs buyers toward or away from certain neighborhoods based on the buyer's race, religion, national origin, or other protected characteristics.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
Math Concepts
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