In California, agent Carlos provides the Disclosure Regarding Real Estate Agency Relationships form to a buyer at the first substantial contact. The form outlines three possible agency relationships. Which of the following is one of the three agency relationships described on the California statutory form?
Correct Answer
D) Dual agent
The Disclosure Regarding Real Estate Agency Relationships form under California Civil Code §2079.16 describes three possible agency relationships: seller's agent, buyer's agent, and dual agent. Dual agent is one of the three categories defined on the statutory disclosure form.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
More Laws Of Agency Fiduciary Duties Questions
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