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Az Agency DisclosuresBuyer_agent_azEASY

At a brokerage meeting in Peoria, lucas signed a buyer-broker agreement. The broker secretly steers the buyer away from better options to protect a higher cooperating commission elsewhere. Which statement is most accurate under current Arizona rules?

Correct Answer

D) a buyer's agent owes loyalty to the buyer-client and should not put other interests ahead of the client's lawful objectives

Under A.A.C. R4-28-1101; current AAR buyer-broker agreement, a buyer's agent owes loyalty to the buyer-client and should not put other interests ahead of the client's lawful objectives.

Answer Options
A
Arizona does not recognize loyalty as part of buyer representation
B
loyalty exists only when the buyer pays the broker directly in that Arizona transaction
C
buyer agents owe loyalty only after close of escrow under current Arizona law
D
a buyer's agent owes loyalty to the buyer-client and should not put other interests ahead of the client's lawful objectives

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Related Topics & Key Terms

Key Terms:

arizona_specificbuyer_agentloyaltybuyer_agent_azaz_agency_and_disclosures

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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