Agency
Under Massachusetts law, a buyer's agent who shows properties listed by their own brokerage must disclose to the buyer that:
AThe agent cannot show in-house listings
BThe brokerage represents the seller and potential conflicts exist, offering designated agency or other options✓ Correct
CThe buyer must hire outside counsel before viewing in-house listings
DCommission will be doubled for in-house transactions
Explanation
When an agent wants to show a buyer in-house listings (properties listed by the same brokerage), the potential conflict of interest must be disclosed and the parties must consent to the arrangement (e.g.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
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