Agency
In a Kentucky transaction, a licensee who provides services to both parties without representing either as a fiduciary is acting as a:
ADual agent
BTransaction broker (facilitator)✓ Correct
CSub-agent
DBuyer's agent
Explanation
A transaction broker (facilitator) in Kentucky assists both parties to a transaction without entering into an agency relationship with either. The facilitator provides services such as drafting contracts and coordinating the transaction but does not owe fiduciary duties to either party.
Related Kentucky Agency Questions
- A Kentucky agent's fiduciary duty requires them to act in the client's best interest rather than their own. If an agent earns a higher commission by steering a buyer to a more expensive property, the agent may be in violation of the duty of:
- In Kentucky, a buyer's agent has a duty to disclose to their buyer client:
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