Agency
A Rhode Island listing agent is approached by a buyer who is not working with their own agent. Can the listing agent assist this buyer?
ANo, the listing agent must only work with represented buyers
BYes, but must clearly explain their role and the agency relationship to the unrepresented buyer before proceeding✓ Correct
CYes, and the buyer automatically becomes represented by the listing agent
DOnly if the seller consents in writing
Explanation
A listing agent can work with an unrepresented buyer, but must clearly disclose that they represent the seller, not the buyer. The buyer should understand they are not represented and the agent will be advocating for the seller's interests.
People Also Study
Related Rhode Island Questions
- A Rhode Island buyer's agent finds out their buyer-client is willing to pay $30,000 more than their offer price. The agent is approached by the listing agent who asks about the buyer's maximum. What should the buyer's agent do?Agency
- A seller in Rhode Island tells their listing agent they do not want to sell to people of a certain race. The listing agent should:Fair Housing
- A Rhode Island seller asks their listing agent whether the buyer is willing to increase their offer. The agent knows the buyer's maximum. What should the listing agent do?Agency
- A Rhode Island real estate salesperson receives an offer directly from a buyer on their broker's listing. What is the correct procedure?Rhode Island License Law
- When a Rhode Island listing agent receives an offer from an unrepresented buyer, the agent's duty of disclosure to the buyer includes:Agency
- A Rhode Island listing agent who knows the seller is desperate to sell and willing to accept far below the list price, but does not disclose this to the buyer, is:Agency
- Rhode Island requires real estate licensees to disclose their licensed status when:Rhode Island License Law
- A Rhode Island broker who acts as both a listing broker and a buyer's broker for the same transaction and does not disclose the dual agency to both parties has committed:Rhode Island License Law
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.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
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.
Study This Topic
Practice More Rhode Island Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Rhode Island Quiz →