Agency
In Wyoming, the seller's agent who receives an offer from an unrepresented buyer (no buyer's agent) must:
ABecome the dual agent for both parties automatically
BClearly explain to the buyer that the agent represents the seller and owes fiduciary duties to the seller✓ Correct
CRefuse to present any offer from an unrepresented buyer
DRepresent the buyer at no additional cost as a courtesy
Explanation
When a seller's agent works with an unrepresented buyer, the agent must clearly disclose their representation of the seller and that they do not represent the buyer. The agent cannot give fiduciary duties to the buyer while representing the seller.
Related Wyoming Agency Questions
- Designated agency in Wyoming means:
- Under Wyoming law, a designated agency arrangement means:
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- A Wyoming buyer's agent discovers that the seller has not disclosed a known roof leak. The buyer's agent should:
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- A buyer's agent in Wyoming owes the duty of 'accounting' to their client. This means the agent must:
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