Agency
In Idaho, if an agent who represents a buyer wishes to purchase the same property for themselves, they must:
AImmediately cancel the buyer representation agreement
BDisclose the conflict of interest to the buyer and obtain their consent, or withdraw from representing the buyer✓ Correct
CProceed without disclosure if the purchase price is fair
DNotify IREC first before proceeding
Explanation
An agent who wishes to acquire property that they are representing a client to purchase has a direct conflict of interest. They must fully disclose this to the client and either obtain the client's informed consent or withdraw from representation.
Related Idaho Agency Questions
- The duty of obedience in agency relationships requires an agent to:
- In Idaho, an agent representing a buyer must disclose to the seller which of the following?
- Under Idaho law, when may an agent keep a client's confidential information secret even after the agency relationship ends?
- Which of the following BEST describes a subagent?
- In Idaho, when does an agency relationship with a seller typically end if the property doesn't sell?
- 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 is the duty of 'confidentiality' that survives the end of an agency relationship in Idaho?
- What is 'ministerial acts' in Idaho real estate agency?
Practice More Idaho Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Idaho Quiz →