Agency
In Indiana, a broker representing a buyer in a 'pocket listing' (off-market) transaction owes which additional duty?
ANo additional duties
BThe duty to ensure the buyer understands the limitations of off-market transactions and the potential that they are not seeing all comparable properties✓ Correct
CA duty to expose the listing to the MLS
DA duty to negotiate with other sellers
Explanation
When helping a buyer with an off-market transaction, a buyer's agent should ensure the buyer understands that the off-market nature means they may not have full price discovery, and advise them accordingly so they can make an informed decision.
Related Indiana Agency Questions
- An Indiana broker who negotiates property management contracts and leases without a real estate license is:
- Indiana law requires that the agency relationship be disclosed in the first written communication directed to a consumer. 'First written communication' most commonly refers to:
- When an Indiana agency relationship is terminated, the agent's duty of confidentiality toward the former client:
- In Indiana, subagency refers to:
- In Indiana, a disclosed dual agent must obtain:
- In Indiana, when must a seller's agent disclose their agency relationship to a prospective buyer?
- An exclusive right-to-sell listing guarantees the listing broker a commission if:
- A 'naked license' in Indiana means a licensee:
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →