Agency
An Indiana licensee who wishes to represent a buyer in a transaction where the listing is at their own brokerage must:
AAutomatically become a dual agent without any disclosure
BEstablish a designated agency arrangement (different agents representing each party) or obtain written consent for dual agency from both parties✓ Correct
CRefer the buyer to another brokerage
DWithdraw from the listing before assisting the buyer
Explanation
When a buyer wants to purchase a property listed at their agent's brokerage, the appropriate approach is designated agency (different agents at the same brokerage representing each party) or, if that's not possible, properly disclosed dual agency with written consent.
Related Indiana Agency Questions
- Which type of agency relationship is created when a broker is appointed to represent a buyer exclusively?
- A limited dual agency in Indiana where the agent represents both buyer and seller is permitted only with:
- In a dual agency transaction in Indiana, the broker CANNOT do which of the following?
- Implied agency in Indiana occurs when:
- An Indiana broker who represents multiple sellers in the same price range and neighborhood must:
- If a seller's agent learns that their client will accept $10,000 below the listing price, the agent must:
- Puffing in real estate refers to:
- A seller's broker who lists a home knowing the seller is withholding material defect information should:
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