Agency
In Washington, when does a buyer's agency relationship begin?
AWhen the buyer first visits a property
BWhen the buyer and broker enter into a written buyer representation agreement✓ Correct
CAutomatically when the broker first shows the buyer a property
DWhen the buyer makes their first offer
Explanation
A buyer's agency relationship in Washington is established when the buyer and broker sign a written buyer representation agreement. Without such an agreement, the broker does not have a formal fiduciary relationship with the buyer.
Related Washington Agency Questions
- A Washington real estate agent is buying a property from their own listing. This is called a:
- In Washington, a listing broker who believes their seller client is making a serious financial mistake by rejecting an offer should:
- Under Washington's RCW 18.86, which parties must sign a written agency agreement to establish a buyer's agency relationship?
- Under Washington's Law of Real Estate Agency (RCW 18.86), a buyer's agent may NOT:
- Washington's statutory agency duties include which of the following duties owed to ALL parties (not just clients)?
- Washington's agency disclosure pamphlet 'The Law of Real Estate Agency' must be provided to buyers and sellers:
- In Washington, an agent who has a conflict of interest in a transaction must:
- In Washington, a listing broker has a fiduciary duty to the seller to disclose:
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