Agency
A buyer's agent's duty of obedience requires the agent to:
AFollow all lawful instructions from the buyer-client✓ Correct
BFollow instructions even if they are illegal
CFollow instructions from both the buyer and seller
DFollow the listing broker's instructions in all matters
Explanation
The duty of obedience requires the agent to follow all lawful instructions from the client. An agent is never required to follow unlawful instructions (such as violating fair housing laws).
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Key Terms to Know
Buyer's Agent
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
State-Specific Concepts
Continuing Education
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