License Law & AgencyPregunta 42 de 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
Explicación
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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Preguntas relacionadas de este tema
- In New York, a real estate salesperson's license is:
- A seller's agent owes the fiduciary duty of loyalty to the:
- A material defect that a seller's agent knows about the property must be:
- Which act by a licensee would most likely be grounds for revocation of a New York real estate license?
- An agent acting under an express written listing agreement is an example of:
- A broker who represents neither the buyer nor the seller as a client but merely helps both complete a deal may be acting as a:
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