Agency
A Pennsylvania listing agent receives an offer from an unrepresented buyer. The agent's primary fiduciary duty runs to:
AThe buyer, since the buyer has no representation
BThe seller, as the seller is the agent's client✓ Correct
CBoth parties equally as a neutral transaction facilitator
DThe MLS, which governs all offer submissions
Explanation
A listing agent's fiduciary duties run exclusively to the seller — the agent's principal. Even when an unrepresented buyer submits an offer, the listing agent must put the seller's interests first (loyalty, confidentiality, disclosure of material facts, obedience). The agent must treat the unrepresented buyer honestly and fairly but does not owe the buyer fiduciary duties.
Related Pennsylvania Agency Questions
- What is the difference between 'express authority' and 'implied authority' as they apply to a Pennsylvania real estate broker's agency relationship?
- What is an 'exclusive buyer agency agreement' and how does it protect both the buyer and agent in Pennsylvania?
- In Pennsylvania, 'designated agency' allows a broker to:
- When a Pennsylvania broker represents both the buyer and seller in the same transaction with full informed written consent from both parties, this is called:
- A seller's agent learns that their client is in financial distress and must sell quickly. What must the agent do with this information when the buyer asks?
- Pennsylvania's Consumer Notice requires disclosure of which agency relationships?
- Pennsylvania's Consumer Notice must be provided at what point in a relationship between a licensee and a consumer?
- A Pennsylvania listing agent who 'pocket lists' a property (not entering it into the MLS) may be:
Practice More Pennsylvania Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Pennsylvania Quiz →