Broker Tom represents a seller and later the buyer approaches Tom's firm for representation on the same property. Tom's associate, Agent Karen, wants to represent the buyer while Tom continues representing the seller. What type of agency relationship would this create?
Correct Answer
A) Dual agency requiring dual agency disclosures
Correct: When agents from the same brokerage represent opposing parties, it creates dual agency requiring proper disclosures and consent. B is incorrect because agents within the same brokerage cannot maintain separate single agency relationships on the same transaction. C is incorrect because the agents are providing representation, not just transaction services. D is incorrect because Arizona does not recognize designated agency as distinct from dual agency.
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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.
More Az Agency Disclosures Questions
While reviewing a transaction in Mohave County, a designated broker claims there is no need to supervise listing agents' disclosure or advertising practices because each salesperson is independent. Which statement is most accurate under current Arizona rules?
At a brokerage meeting in Buckeye, a seller asks the listing broker for pricing advice and market strategy before putting the home on the market. Which outcome best matches current Arizona practice?
In a Scottsdale transaction review, the listing remarks say the roof was replaced in 2024, but the broker later learns that only a patch was done. Which statement is most accurate under current Arizona rules?
In a licensing seminar in Mesa, a buyer-broker agreement expires before the buyer writes an offer and the parties do not extend it. Which statement should the broker communicate?
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?
- → 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.
- → While reviewing a transaction in Navajo County, a shopper casually asks an open-house host for directions to the kitchen and later claims a full agency relationship was created on the spot. What should the parties assume under current Arizona rules?
- → At a brokerage meeting in Goodyear, a broker gives strategic advice, pricing opinions, and negotiation recommendations to a person the broker insists is only a customer. Which outcome best matches current Arizona practice?
- → In a licensing seminar in Mesa, ocotillo Realty Group represents only the seller in a transaction and no one at the brokerage represents the buyer as a client. What should the parties assume under current Arizona rules?
- → In a licensing seminar in Tempe, cactus Peak Realty represents only the seller in a transaction and no one at the brokerage represents the buyer as a client. What is the most accurate response?
- → While reviewing a transaction in Mohave County, a shopper casually asks an open-house host for directions to the kitchen and later claims a full agency relationship was created on the spot. Which statement should the broker communicate?
- → 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?
- → Under the current AAR Consent to Limited Representation, while reviewing a transaction in Pima County, Which statement about limited representation consent is correct in Arizona?