Agency
A Wyoming listing broker advertises a property for sale on the MLS. A cooperating buyer's broker who brings a buyer is working as:
AAn employee of the listing broker
BAn independent agent representing the buyer, compensated through the cooperative commission offer in the MLS✓ Correct
CA subagent of the seller in all transactions
DA dual agent representing both parties
Explanation
In modern Wyoming practice, cooperating brokers from the MLS typically represent buyers as buyer's agents. The MLS offer of compensation is the mechanism for cooperative sales, but the cooperating broker's agency relationship (representing buyer or seller) is determined by agency disclosure, not by MLS membership.
Related Wyoming Agency Questions
- A Wyoming buyer's agent discovers that the seller has not disclosed a known roof leak. The buyer's agent should:
- A Wyoming buyer's agent who inadvertently discloses the buyer's motivation to buy quickly is:
- A Wyoming listing agent who learns the seller is in financial distress and must sell quickly should:
- Under Wyoming agency law, a buyer's agent owes fiduciary duties to:
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- In Wyoming, the duty of 'obedience' in an agency relationship means the agent must:
- A Wyoming seller's agent must present all offers to the seller unless:
- When a Wyoming listing agent represents the seller and facilitates the buyer without representation, the licensee acts as a:
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