Agency
A Washington broker who represents a buyer sees an in-house listing that could benefit the buyer. If the brokerage is in a dual agency situation, the broker must:
AAutomatically withdraw from representing the buyer
BDisclose the dual agency situation and obtain written consent from both parties before proceeding✓ Correct
CRefer the buyer to another brokerage to avoid dual agency
DProceed without disclosure if the brokerage has an office policy
Explanation
When a dual agency situation arises in Washington (same brokerage represents buyer and seller), the broker must disclose the situation and obtain written informed consent from both parties before proceeding.
Related Washington Agency Questions
- A Washington real estate agent is buying a property from their own listing. This is called a:
- A buyer's agent in Washington discovers information that the seller would consider material but the buyer would benefit from not disclosing. The agent's duty is to:
- A Washington buyer's agent helps a buyer purchase a home. After closing, the buyer asks the agent to return part of their commission as a rebate. Under Washington law:
- A Washington seller's listing agreement expires before the property sells. Two weeks later, a buyer who was shown the property during the listing period makes an offer directly to the seller. Under typical listing agreement language, the listing broker may still be entitled to a commission if:
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- A Washington buyer's agent is representing a buyer who makes an offer on a property. The seller rejects the offer. The agent's obligation to the buyer continues until:
- Washington's statutory agency duties include which of the following duties owed to ALL parties (not just clients)?
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