Agency
A buyer who is not represented by an agent and is working directly with the listing agent is best described as a:
AClient
BCustomer✓ Correct
CSubagent
DPrincipal
Explanation
An unrepresented buyer working with the listing agent is a customer, not a client; the listing agent owes fiduciary duties to the seller but basic honesty and disclosure to the customer.
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Key Terms to Know
Seller's Agent (Listing Agent)
A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
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