Agency
In a Kentucky transaction, a licensee acting as a transaction broker (non-agent) owes the parties:
AFull fiduciary duties to both parties
BHonest dealing and ministerial acts but no fiduciary duties✓ Correct
CFiduciary duties to the buyer only
DNo duties whatsoever
Explanation
A transaction broker or facilitator in Kentucky provides services to facilitate the transaction but does not represent either party as a client and does not owe fiduciary duties.
Related Kentucky Agency Questions
- The 'obedience' duty requires a Kentucky agent to:
- A Kentucky licensee represents a buyer who wants to purchase a home listed by the licensee's own broker. The licensee should:
- Designated agency in Kentucky means:
- A Kentucky buyer's agent learns that the buyer has been transferred and must purchase quickly. The agent should:
- In Kentucky, an agent may not disclose which of the following about a buyer without consent?
- In Kentucky, if a buyer's agent helps the buyer write an offer and the listing agent discloses the seller's situation to the buyer's agent, what should the buyer's agent do?
- A Kentucky listing agent's fiduciary duty of 'disclosure' requires the agent to disclose to the seller:
- In Kentucky, apparent authority means:
Practice More Kentucky Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kentucky Quiz →