Agency
In Tennessee, a broker who represents a buyer is said to be working with the seller as a:
ASubagent
BFiduciary of the seller
CCustomer representative✓ Correct
DDual agent
Explanation
When a buyer's broker deals with the opposing seller, the seller is a customer (not a client). The broker owes the seller honesty and disclosure of material facts, but owes fiduciary duties to the buyer.
Related Tennessee Agency Questions
- The Tennessee Agency Disclosure document must be provided to a prospective buyer or seller:
- A seller's agent in Tennessee MUST disclose to a buyer:
- An agent's duty of 'accounting' requires the agent to:
- In Tennessee, a broker who solicits a listing from a property owner whose property is already listed with another broker is engaging in:
- In Tennessee, the agency disclosure form must be provided to a prospective buyer or seller:
- In Tennessee, an 'express agency' is created when:
- In Tennessee, a buyer's agency agreement is important because it:
- In Tennessee, a 'buyer's premium' charged in a real estate auction represents:
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