Agency
A Texas listing agent who receives compensation from the buyer's agent's brokerage (cooperative commission) owes their primary fiduciary duties to:
ABoth parties equally since both contributed to the commission
BThe seller, regardless of which party's brokerage paid the commission✓ Correct
CThe buyer's brokerage that paid the cooperative commission
DTREC as the supervising agency
Explanation
The listing agent's fiduciary duties run to the seller (their principal), regardless of how the commission is structured. The buyer paying, the seller paying, or cooperative commissions between brokerages do not change the nature of the listing agent's representation of the seller.
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