Agency
Under Missouri agency law, a buyer's agent who is also licensed in the state and wants to purchase a property their buyer is considering must:
AProceed without disclosure since they are a licensed agent
BDisclose their interest in purchasing to the buyer and withdraw from representing the buyer for that property✓ Correct
COnly disclose after the sale
DFile for a dual agency consent form
Explanation
An agent who competes with their buyer for the same property has a direct conflict of interest. They must disclose this and likely must withdraw from representing the buyer for that property.
Related Missouri Agency Questions
- Under Missouri agency law, 'diligence' in performing agency duties means the agent must:
- A Missouri licensee who provides 'customer service' to an unrepresented party (not a client) owes that party:
- A Missouri buyer's agent who receives a referral from an out-of-state broker owes duties to:
- Under Missouri law, a licensee's duty of 'confidentiality' continues after a transaction closes because:
- Under Missouri agency disclosure law, when must a licensee disclose their agency relationship to a consumer?
- A Missouri licensee who has a personal financial interest in a property they are listing for a client must:
- Missouri's 'buyer representation agreement' protects the buyer by:
- In Missouri, a buyer's agent's commission is typically paid by:
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