Agency
A Kentucky real estate agent who acts as a sub-agent of the listing broker owes primary fiduciary duties to:
AThe buyer who they are assisting
BThe seller through the listing broker✓ Correct
CBoth the buyer and seller equally
DThe co-operating broker
Explanation
A sub-agent works through the listing broker and owes the same fiduciary duties to the seller as the listing broker. Sub-agency has become uncommon because of liability issues — the sub-agent's actions can create liability for the listing broker and seller.
Related Kentucky Agency Questions
- A Kentucky real estate licensee acting as a transaction broker is NOT required to:
- A subagent in a Kentucky real estate transaction represents:
- In a Kentucky transaction, a licensee who provides services to both parties without representing either as a fiduciary is acting as a:
- A Kentucky buyer's agent who shows a property should do all of the following EXCEPT:
- A Kentucky buyer's agent who receives a referral fee from a home warranty company for recommending their product to buyers must:
- A Kentucky listing agent who receives a lowball offer from a buyer must:
- A Kentucky seller tells their agent they will accept $5,000 less than the list price. The agent must:
- In Kentucky, the Seller's Disclosure of Conditions form is required for:
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