In a licensing seminar in Glendale, aiden 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
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.
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
More Az Agency Disclosures Questions
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- → Under the current AAR Buyer-Broker Exclusive Employment Agreement, under the current AAR Consent to Limited Representation, in a Gilbert transaction review, under current Arizona rules, each of the following statements about agency types az is generally accurate EXCEPT.
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- → In a licensing seminar in Tucson, mia signed a buyer-broker agreement and asks whether the broker may still favor the listing broker's interests when advising on offer price. What is the most accurate response?
- → During an Arizona file audit in Pima County, julian signed a buyer-broker agreement and asks whether the broker may still favor the listing broker's interests when advising on offer price. Which statement should the broker communicate?
- → At a brokerage meeting in Tempe, Under current Arizona rules, which statement best describes termination of agency?
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