Agency
In an Idaho in-house transaction where two clients of the same company are the buyer and seller, what agency options exist?
AThe company must decline to represent one party
BThe company may use disclosed limited agency (dual agency) with written consent, or designate different agents in the company to each represent one party✓ Correct
CThe company must refer one party to another brokerage
DIdaho prohibits same-company buyer and seller representation
Explanation
In Idaho, when the same brokerage has clients on both sides of a transaction, the company can: (1) obtain written consent from both parties to act as a disclosed limited agent (dual agent), or (2) designate one agent to represent the buyer and a different agent to represent the seller — reducing dual agency conflict while allowing both clients to be served.
Related Idaho Agency Questions
- In Idaho, a buyer's agent who receives information that could help the seller in negotiations (such as the buyer's willingness to pay more) must:
- What does 'accounting' as an agent's duty mean in Idaho?
- A listing agent in Idaho presents the seller with an offer from the agent's own relative. The agent must:
- When an agency relationship is terminated by operation of law, which of the following could cause termination?
- Implied agency can be created when:
- Under Idaho law, seller's agents must disclose to buyers all:
- The duty of obedience in agency relationships requires an agent to:
- Under Idaho law, when may an agent keep a client's confidential information secret even after the agency relationship ends?
Practice More Idaho Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Idaho Quiz →