Agency
In Kentucky, a 'disclosed limited agent' represents:
AOnly the seller in a transaction
BBoth buyer and seller in the same transaction with written consent✓ Correct
CA buyer with no written agreement
DA transaction broker assisting both parties
Explanation
A disclosed limited agent in Kentucky represents both the buyer and seller in the same transaction, but only with the written informed consent of both parties.
Related Kentucky Agency Questions
- A Kentucky buyer's agent who also owns a property the buyer wants to purchase must:
- A Kentucky licensee who acts as a buyer's agent must present the buyer with a written agency disclosure:
- Which fiduciary duty requires a Kentucky agent to place the client's interests above all others, including the agent's own?
- Subagency exists when:
- A Kentucky agent who negotiates a commission rebate back to the buyer without the seller's knowledge or consent may be:
- A Kentucky real estate agent who makes unauthorized repairs to a property they are listing may be liable for:
- In Kentucky, which agency relationship allows a licensee to work with both the buyer and seller without representing either as a fiduciary?
- A Kentucky buyer's agent learns that the buyer has been transferred and must purchase quickly. The agent should:
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