Agency
Under Washington's RCW 18.86, which parties must sign a written agency agreement to establish a buyer's agency relationship?
AOnly the broker
BBoth the broker and the buyer-client✓ Correct
CThe broker, buyer, and designated broker
DNo written agreement is required
Explanation
To establish an agency relationship where the broker owes full fiduciary duties to the buyer in Washington, both the broker and buyer must sign a written buyer agency agreement (representation agreement).
Related Washington Agency Questions
- In Washington, a real estate agent who provides services to a buyer without a written representation agreement owes the buyer:
- A Washington buyer's broker shows the buyer a property listed by the same brokerage. If the brokerage represents both parties, this is:
- Washington allows a brokerage to appoint one broker to represent the seller and a different broker to represent the buyer within the same transaction. This arrangement is called:
- The Washington agency pamphlet 'The Law of Real Estate Agency' must be provided before:
- Washington's agency law requires brokers to provide the agency disclosure pamphlet. When must this be done for a seller at a listing appointment?
- A Washington listing agreement is signed. Before the property is listed on the MLS, the seller tells the broker they need to sell within 30 days due to financial hardship. The broker must:
- Under Washington's RCW 18.86, which of the following duties does a seller's agent owe to a buyer-customer who is not the agent's client?
- Washington's designated agency arrangement is beneficial because it allows:
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