Agency
A Maine real estate company practices designated agency with an internal information barrier policy that prevents designated agents from sharing client confidential information. This practice is known as:
ADual agency
BInformed consent
CAn ethical wall or information barrier✓ Correct
DConflict of interest disclosure
Explanation
An ethical wall (also called a 'Chinese wall' or information barrier) is an internal office policy preventing designated agents from sharing confidential client information with each other, enabling designated agency to work effectively.
Related Maine Agency Questions
- In Maine, the agency relationship between a broker and client is typically created by:
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- Maine law requires a real estate agent to present ALL written offers to the seller:
- Under Maine agency law, a 'facilitator' (transaction broker) may:
- A Maine buyer's agent who negotiates aggressively on behalf of their buyer-client is fulfilling the duty of:
- Under Maine agency law, the duty of 'obedience' means the agent must:
- A Maine real estate agent representing a seller accidentally discloses the seller's financial urgency to the buyer. This is a breach of:
- Under Maine law, when a buyer's agent receives an offer of subagency from a listing broker, accepting the offer means the agent:
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