Sarah is a licensed salesperson working under Broker Tom in Anchorage. A seller lists her home with Broker Tom's office, and Sarah is assigned to represent the seller exclusively. Under Alaska law, what type of agency relationship does Sarah have with the seller?
Correct Answer
A) Seller's agency, because Sarah exclusively represents the seller as a client
Under Alaska law and 12 AAC 64.010, when a licensee is assigned to represent only the seller in a transaction, that licensee acts as a seller's agent. Sarah owes the seller full fiduciary duties including loyalty, confidentiality, and obedience. The fact that she works under a supervising broker does not change the nature of her agency relationship with the seller.
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Under Alaska real estate regulations, what is the term for a licensee who represents BOTH the buyer and the seller in the same transaction with the written informed consent of both parties?
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Marcus, a licensed salesperson in Fairbanks, is showing property to a buyer named Elena. Marcus has not signed a written buyer representation agreement with Elena and has not given her an agency disclosure. Elena asks Marcus to keep her top offer price confidential. Under Alaska law, what is Marcus's most likely agency status with respect to Elena at this point?