Agency
In Wyoming, the duty of 'loyalty' in a buyer's agency relationship means the buyer's agent must:
ARecommend properties the agent personally likes
BPut the buyer's interests first and avoid any action that benefits the agent at the buyer's expense✓ Correct
CBe loyal to the seller's asking price
DRecommend the buyer work only with the agent's preferred lender
Explanation
The duty of loyalty requires the buyer's agent to place the buyer's interests above all others, including the agent's own interests. This means avoiding conflicts of interest, not steering the buyer to properties where the agent benefits financially (without disclosure), and advocating for the buyer's best interests in negotiations.
Related Wyoming Agency Questions
- A Wyoming buyer hires an agent to find them a home. Without signing a formal buyer agency agreement, the buyer's agent has:
- Under Wyoming law, a designated agency arrangement means:
- A Wyoming transaction coordinator who assists with paperwork but does not negotiate or advise parties:
- An exclusive right-to-sell listing in Wyoming means:
- A buyer's agent in Wyoming owes the duty of 'accounting' to their client. This means the agent must:
- Under Wyoming law, a real estate licensee must disclose their agency status to all parties:
- In Wyoming, a real estate licensee's agency duties include all of the following EXCEPT:
- A Wyoming listing agent discovers that the seller's property has an undisclosed foundation crack. The agent's duty requires them to:
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →