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Az Agency DisclosuresAgency_types_azEASY

In a Lake Havasu City transaction review, a broker gives strategic advice, pricing opinions, and negotiation recommendations to a person the broker insists is only a customer. Which statement should the broker communicate?

Correct Answer

A) conduct can create expectations and duties, so brokers should avoid implied-agency confusion by using clear disclosures and agreements

Under A.A.C. R4-28-1101; current AAR agency-disclosure materials, conduct can create expectations and duties, so brokers should avoid implied-agency confusion by using clear disclosures and agreements.

Answer Options
A
conduct can create expectations and duties, so brokers should avoid implied-agency confusion by using clear disclosures and agreements
B
Arizona requires brokers to avoid written disclosures so relationships stay flexible
C
strategic advocacy to a customer can never create any agency risk in that Arizona transaction
D
implied-agency concerns exist only in commercial leasing under current Arizona law

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Related Topics & Key Terms

Key Terms:

arizona_specificimplied_agencydisclosureagency_types_azaz_agency_and_disclosures

Related Concepts

An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.

An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.

The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.

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