Agent Marcus represents the seller of a property in Little Rock. A buyer's agent, Agent Linda, brings her client to tour the property. Which of the following statements correctly describes Marcus's agency disclosure obligation to the buyer during this showing?
Correct Answer
A) Marcus must disclose that he represents the seller to the buyer at the time of the showing
Under Arkansas agency disclosure rules, a listing agent must disclose to all parties—including a buyer represented by another agent—that he or she represents the seller. This disclosure ensures the buyer understands Marcus's loyalties are to the seller, even when the buyer has their own agent present.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
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