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Laws Of Agency Fiduciary DutiesAgency_types_and_creationMEDIUM

A California buyer contacts a listing agent directly at an open house and asks the agent to write an offer on the property. The buyer has not signed a buyer representation agreement with any agent. Under California law, who does the listing agent represent in this transaction?

Correct Answer

C) The seller, unless the listing agent agrees in writing to represent the buyer

Under California law, the listing agent has a fiduciary duty to the seller through the listing agreement. Simply helping a buyer write an offer does not create a buyer-agent relationship. The listing agent remains the seller's agent unless a separate written agreement establishes buyer representation or dual agency is properly disclosed and consented to.

Answer Options
A
The buyer, because the agent is assisting the buyer with the offer
B
Both the buyer and seller equally as a dual agent
C
The seller, unless the listing agent agrees in writing to represent the buyer
D
Neither party until the offer is accepted

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Related Topics & Key Terms

Key Terms:

listing_agentseller_representationopen_housebuyer_contact
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