Agency
What is a 'facilitator' or 'transaction broker' in some states (compared to Idaho's approach)?
AThe same as a disclosed limited agent in Idaho
BA non-agent who assists both parties without owing fiduciary duties, a role Idaho has addressed through disclosed limited agency✓ Correct
CA broker who handles escrow
DA title company representative
Explanation
Some states use a 'transaction broker' role where the agent assists both parties without full fiduciary duties. Idaho uses 'disclosed limited agency' to address similar in-house transaction situations, requiring specific written consent.
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:
- Which fiduciary duty requires an Idaho agent to place the client's interests above the agent's own interests?
- What does 'vicarious liability' mean for an Idaho broker whose agent commits negligence?
- What is the term for the cancellation of an agency relationship by mutual agreement of both parties in Idaho?
- The fiduciary duty of 'accounting' requires an agent to:
- When must an Idaho licensee provide the 'Broker Representation Disclosure' to a consumer?
- Which of the following BEST describes the duty of confidentiality in an agency relationship?
- A listing agent in Idaho presents the seller with an offer from the agent's own relative. The agent must:
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