Agency
Under Kentucky law, can a licensee be a buyer's agent for a property their brokerage has listed?
ANo, it is always prohibited
BYes, through disclosed designated agency or dual agency with written consent✓ Correct
CYes, without any additional disclosure requirements
DOnly if the listing agent is absent from the state
Explanation
When a buyer's agent and listing agent are in the same brokerage, the situation requires disclosure. The brokerage may handle it through designated agency (if the state allows separate agents) or disclosed dual agency with written consent.
Related Kentucky Agency Questions
- When a listing expires and no sale has occurred, the seller's ongoing obligation to the broker typically includes:
- 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 principal may ratify an unauthorized act of their agent by:
- A Kentucky seller's agent presents two offers to their client simultaneously. The seller asks which one the agent recommends. The agent should:
- In Kentucky, the Seller's Disclosure of Conditions form is required for:
- A Kentucky listing agent presents an offer that is $10,000 below asking price. The seller asks the agent 'Is this buyer's best offer?' The agent should:
- A real estate licensee who represents the buyer exclusively is called a:
- A Kentucky buyer's agent who shows a property should do all of the following EXCEPT:
Practice More Kentucky Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kentucky Quiz →