Agency
An Indiana seller's agent who negotiates a lower price than the listed price for their buyer client (while also representing the seller) without disclosure is engaged in:
ADual agency with implied consent
BUndisclosed dual agency, which is illegal✓ Correct
CDesignated agency
DSub-agency
Explanation
Representing both the buyer and seller without proper disclosure and written consent constitutes undisclosed dual agency, which is illegal and a violation of Indiana license law.
Related Indiana Agency Questions
- In Indiana, a 'non-exclusive buyer agency agreement' differs from an exclusive agreement in that:
- An agent's duty of loyalty requires that the agent:
- An Indiana real estate broker's duty of care requires them to:
- An exclusive right-to-sell listing guarantees the listing broker a commission if:
- Indiana's 'Exclusive Buyer Agency' arrangement means:
- In a dual agency transaction in Indiana, the broker CANNOT do which of the following?
- When must an Indiana licensee update their agency disclosure if the agency relationship changes (e.g., from single agent to dual agent)?
- In Indiana, a seller's agent may share confidential client information with a buyer if:
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