While reviewing a transaction in Maricopa County, daniel signed a buyer-broker agreement. The broker secretly steers the buyer away from better options to protect a higher cooperating commission elsewhere. Which statement should the broker communicate?
Correct Answer
C) 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.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
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