In California, a real estate agent shows a buyer several properties without signing a buyer representation agreement. The buyer ultimately purchases one of the properties. Under California law, the agent who showed the properties is known as the:
Correct Answer
D) Selling agent
Under California Civil Code §2079.13(b), the 'selling agent' is the agent who finds or introduces the buyer. The term can be confusing because the 'selling agent' actually works with the buyer. The selling agent may represent the buyer, the seller (as a subagent), or be a dual agent, depending on the agency agreements in place.
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More Laws Of Agency Fiduciary Duties Questions
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A California seller lists their home with Broker A. A buyer's agent from Broker B brings an offer. The buyer's agent verbally promises the seller better terms if the seller switches listing brokers. Under California law, the buyer's agent's conduct creates what legal issue?
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Under California law, which document is used to disclose and confirm the agency relationships in a residential real estate transaction?