License Law & AgencyCâu 29 / 100
A dual agent in New York is a broker who:
a.Represents two different buyers on two different properties
b.Represents both the buyer and the seller in the same transaction
c.Works for two brokerage firms at once
d.Holds both a broker and a salesperson license
Giải thích
Dual agency exists when one broker represents both the buyer and the seller in the same transaction, creating a conflict of interest. New York permits it only with the informed, written consent of both parties. Because loyalty is divided, the dual agent cannot fully advocate for either side.
Luyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- An agent's fiduciary duty of obedience requires the agent to:
- The fiduciary duties an agent owes a principal can be remembered by the acronym OLD CAR. The 'C' stands for:
- In New York, the agency disclosure form must generally be presented to a prospective buyer or seller:
- A designated sales agent arrangement in New York allows a supervising broker to:
- Which of the following would create an agency relationship by ratification?
- Commingling, which is prohibited for New York brokers, refers to:
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