Agency
A Wisconsin buyer's agent who negotiates a purchase price $15,000 below the listing price has:
AViolated their duty to the seller
BFulfilled their duty of loyalty to the buyer-client✓ Correct
CCreated a conflict of interest
DActed unethically by lowballing the seller
Explanation
A buyer's agent's duty is to negotiate the best possible terms for the buyer-client; obtaining a lower price is exactly what the buyer's agent is supposed to do.
Related Wisconsin Agency Questions
- Under Wisconsin law, a buyer's agent who learns the seller will accept less than the listing price should:
- Under Wisconsin law, a seller's broker cannot bind the seller to a contract. Only the seller may:
- Wisconsin's agency disclosure requirements are designed to ensure that consumers:
- Wisconsin requires licensees to provide the 'Disclosure to Clients and Customers' form at what point in a real estate transaction?
- Wisconsin's 'designated agency' allows a broker to:
- A 'transaction broker' in Wisconsin:
- Under Wisconsin law, an agent must disclose material adverse facts to:
- A Wisconsin licensee who acts as a property manager for a rental property and also lists the property for sale owes the owner a duty to:
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →