Agency
In Utah, a 'limited agent' for purposes of the agency disclosure is:
AAn agent with only a portion of a full license
BA dual agent who represents both buyer and seller with reduced fiduciary duties to each✓ Correct
CAn agent operating under supervision
DA part-time agent
Explanation
A limited agent (dual agent) represents both buyer and seller in the same transaction. Their fiduciary duties are limited—they cannot provide undivided loyalty or advocate for either party's confidential interests.
Related Utah Agency Questions
- The duty of accounting owed by a Utah agent to their client means:
- The fiduciary duty of confidentiality in a Utah agency relationship means the agent must:
- The procuring cause doctrine in Utah real estate determines:
- In Utah, a buyer's agent owes which of the following duties to the seller?
- Which type of agency relationship is created when a seller signs a listing agreement with a brokerage?
- An agent in Utah who tells a buyer 'This neighborhood is really popular with young families—you'll love it' is most likely engaging in:
- Apparent authority (ostensible agency) in real estate exists when:
- When a Utah seller's agent learns that the buyer has a much higher budget than the buyer has disclosed, the agent must:
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