Agency
A Wyoming salesperson who acts as a buyer's agent owes the seller which of the following?
AFull fiduciary duties
BHonest dealing and disclosure of adverse material facts about the buyer✓ Correct
CNo duties whatsoever
DThe same duties owed to the buyer
Explanation
While a buyer's agent owes fiduciary duties to the buyer, they still owe the seller honest dealing and must disclose any adverse material facts about the buyer that could affect the transaction.
Related Wyoming Agency Questions
- A Wyoming licensee who provides investment advice on whether a client should purchase a specific Wyoming property is acting within their:
- Under Wyoming law, when must a real estate agent disclose their agency relationship to a potential client?
- The Wyoming Real Estate License Act defines 'material fact' as information that:
- When a Wyoming listing agent represents the seller and facilitates the buyer without representation, the licensee acts as a:
- In Wyoming, the duty of 'obedience' in an agency relationship means the agent must:
- Under Wyoming law, a designated agency arrangement means:
- A Wyoming buyer's agent learns the buyer's maximum budget is $500,000 though they are offering $440,000. This information is:
- A buyer's agent in Wyoming owes the duty of 'accounting' to their client. This means the agent must:
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →