Agency
When a Delaware salesperson procures a buyer for a property listed by their own broker, what type of agency relationship exists?
AThe salesperson automatically becomes a buyer's agent
BDepending on the broker's policy, it may be dual agency, designated agency, or transaction broker — all requiring disclosure and consent✓ Correct
CThe broker automatically represents only the seller and the buyer is unrepresented
DThe salesperson must withdraw from the transaction
Explanation
When a salesperson in a brokerage procures a buyer for a listing held by the same brokerage, an in-house transaction occurs. Depending on the broker's policy (dual agency, designated agency, or transaction brokerage), proper disclosure and consent are required.
Related Delaware Agency Questions
- Under Delaware's agency disclosure requirements, what must the disclosure form contain?
- When must a Delaware licensee disclose their agency relationship to the other party in a transaction?
- Delaware's Seller Agent Disclosure requires that the listing agent provide the seller with written disclosure of agency:
- What is a 'non-exclusive buyer agency agreement' in Delaware?
- In Delaware, which document must a licensee provide to a potential buyer at the first substantive contact?
- What is a 'seller's agent' primary obligation in Delaware under the listing agreement?
- The duty of confidentiality in a Delaware agency relationship requires the agent to:
- What is the 'procuring cause' doctrine in Delaware real estate?
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