Agency
In Rhode Island, a licensee who works with a buyer without a written agency agreement is presumed to be:
AA buyer's agent
BA dual agent
CA seller's subagent✓ Correct
DA transaction coordinator
Explanation
In Rhode Island, absent a written buyer agency agreement, a licensee working with a buyer is presumed to be a subagent of the seller, owing fiduciary duties to the seller.
Related Rhode Island Agency Questions
- In Rhode Island, 'procuring cause' determines which broker is entitled to a commission in a cooperative transaction. The procuring cause is typically the broker who:
- In Rhode Island, subagency means that a cooperating broker working with the buyer is actually an agent of the:
- A Rhode Island seller's agent owes which of the following duties to a buyer who is NOT their client?
- A Rhode Island real estate agent's fiduciary duty of 'loyalty' requires the agent to:
- A Rhode Island buyer's agent is showing properties. The buyer mentions they have a maximum budget of $450,000 but would like to start lower. The agent should:
- The duty of 'accounting' in a fiduciary relationship requires the agent to:
- In Rhode Island, what is a 'buyer's broker agreement' and why is it important?
- A buyer's agent is showing a property listed by another broker in their office. Which type of agency situation arises within the same brokerage?
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