Agency
A Tennessee listing agent who is also a licensed property manager may manage a property they helped the seller list only if:
ATREC has no rule against this
BFull disclosure is made to all parties and there is no conflict of interest✓ Correct
CThe listing is commercial property
DThe seller is not available to manage the property themselves
Explanation
A licensee may wear multiple hats (listing agent and property manager) but must disclose any potential conflicts of interest to all parties and ensure that the dual role does not compromise their fiduciary obligations to any client.
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
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.
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