Agency
A Washington listing broker who also works with the buyer on the same property without a separate buyer agency agreement most likely holds which position?
AExclusive buyer's agent
BSeller's agent who may assist the buyer as a customer✓ Correct
CAn illegal position prohibited by state law
DA transaction broker
Explanation
Without a buyer agency agreement, the broker with the listing represents the seller as a client and may assist the buyer as a customer (not a client). The buyer receives limited statutory protections but no fiduciary duties beyond basic honesty and care.
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Key Terms to Know
Buyer's Agent
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
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.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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