Agency
A Kentucky real estate licensee who helps a buyer find and purchase a property without a buyer representation agreement is likely acting as a:
ABuyer's agent with full fiduciary duties
BSubagent of the seller or a transaction facilitator✓ Correct
CDual agent by default
DUnlicensed assistant
Explanation
Without a buyer representation agreement, a licensee working with a buyer may be acting as a subagent of the seller or as a transaction facilitator without fiduciary duties to the buyer.
Related Kentucky Agency Questions
- In Kentucky, a seller's listing agent who helps the buyer complete forms at the request of the buyer is providing:
- The duty of 'obedience' in a Kentucky agency relationship requires the agent to:
- Subagency exists when:
- An agency relationship may be terminated by:
- Designated agency in Kentucky means:
- The seller's property condition disclosure is required to be delivered to the buyer:
- In Kentucky, which type of agency relationship is created when a real estate licensee represents only the buyer?
- A Kentucky seller's agent is aware that the roof leaks. The agent's duty is to:
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