Agency
In a Washington in-company transaction, the designated broker must:
AAct as the transaction broker without representation
BAssign different agents to represent each party and supervise to avoid conflicts✓ Correct
CRepresent only the buyer since the firm listed the property
DRefer one party to an outside firm
Explanation
When a Washington real estate firm has a buyer interested in one of its own listings, the firm can ethically handle the transaction by assigning different agents to represent each party as long as proper disclosure is made and the agents maintain separate representation.
Related Washington Agency Questions
- Washington's agency disclosure pamphlet 'The Law of Real Estate Agency' must be provided to buyers and sellers:
- In Washington, a seller's agent who receives an offer late on a Friday evening should:
- A Washington buyer's broker discovers the seller's property has an unreported sewer problem. Under RCW 18.86, the broker must:
- A Washington real estate agent is showing a buyer a property that the agent suspects may have undisclosed mold, based on a musty smell and visible staining. The agent should:
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- A Washington seller's agent knows the seller's property has a HVAC system that is 25 years old and likely near end of life. The seller has not disclosed this. The agent should:
- A Washington listing agent learns that the seller is going through a divorce and must sell quickly at any price. Under Washington agency law, this information is:
- Under Washington's agency law, which of the following best describes 'ratification' of an agency relationship?
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