License Law & AgencyQuestion 42 of 100
The relationship in which a broker represents a buyer client is known as:
a.Seller agency
b.Subagency to the listing broker
c.Buyer agency
d.Facilitator status
Explanation
Buyer agency is created when a broker agrees to represent the buyer's interests, typically through a buyer-broker agreement. The broker then owes fiduciary duties to the buyer. This differs from a traditional arrangement where all agents represented the seller.
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- In New York, a real estate salesperson's license is:
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