Agency
In Wyoming, the relationship between a real estate broker and a seller under a listing agreement is best described as:
AA dual agency relationship
BA special agency relationship✓ Correct
CA general agency relationship
DA universal agency relationship
Explanation
A listing broker is a special agent of the seller, authorized to perform specific acts (marketing and selling the property) but not to make binding decisions on behalf of the seller in other matters.
Related Wyoming Agency Questions
- In Wyoming, a 'buyer representation agreement' establishes:
- A Wyoming buyer hires an agent to find them a home. Without signing a formal buyer agency agreement, the buyer's agent has:
- A Wyoming seller's agent who receives two offers simultaneously must:
- In Wyoming, which of the following best describes the legal relationship created by a listing agreement?
- Under Wyoming law, can a listing broker offer 'variable commission' rates (different rates depending on whether the buyer is represented or not)?
- A Wyoming listing agent presents a buyer's offer along with the buyer's signed intent to waive their inspection contingency. The seller asks the agent's opinion. The agent should:
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- In Wyoming, an in-house sale occurs when the listing broker also represents the buyer. The broker may act as:
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