Agency
When a Wisconsin licensee acts as a 'facilitator' (transaction broker), they owe both parties:
AFull fiduciary duties
BHonesty, fairness, and disclosure of material adverse facts, but no agency duties✓ Correct
CLoyalty to the seller only
DConfidentiality only
Explanation
A facilitator/transaction broker in Wisconsin owes both parties basic duties of honesty, fairness, and disclosure of material adverse facts, but does not owe full fiduciary duties to either party.
Related Wisconsin Agency Questions
- In Wisconsin, multiple representation (dual agency) requires:
- A 'transaction broker' in Wisconsin:
- A Wisconsin listing broker's duty to the seller includes which of the following?
- A Wisconsin seller's listing agreement automatically terminates if the property:
- Which Wisconsin form is used to establish a buyer agency relationship?
- Under Wisconsin law, a seller's broker cannot bind the seller to a contract. Only the seller may:
- A Wisconsin seller instructs their listing agent to disclose that there is no stigma attached to the property, even though the property was the site of a violent crime. The agent should:
- A Wisconsin seller who hires a listing broker retains the right to:
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