Agency
In Idaho, a listing agent is also representing their own buyer on the same property. The listing price is $400,000. Under disclosed limited agency, the agent must NOT:
ADisclose to both parties that they represent both
BAdvocate for a specific price to either party✓ Correct
CPresent all offers to the seller
DComplete required agency disclosure forms
Explanation
In a disclosed limited agency (dual agency), the agent cannot advise either party on price or negotiating strategy. The agent must remain neutral on price and terms, acting as a facilitator rather than an advocate.
Related Idaho Agency Questions
- What is 'ostensible (apparent) agency' and how might it arise unintentionally in Idaho real estate?
- Dual agency occurs when:
- Under Idaho law, a licensee who represents the buyer has what duty to the seller?
- The duty of obedience in agency relationships requires an agent to:
- Can an Idaho buyer's agent show properties that are not listed on the MLS?
- An Idaho listing agent who fails to present a low offer to the seller because they think it's too low has:
- What does 'vicarious liability' mean for an Idaho broker whose agent commits negligence?
- What is the duty of 'obedience' in an Idaho agency relationship?
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