Under the Idaho Agency Disclosure Act, which of the following is NOT a recognized agency relationship type that a licensee may have with a client in Idaho?
Correct Answer
D) Transactional agency
Transactional agency (also referred to as non-agency or facilitation) is NOT a recognized agency relationship under the Idaho Agency Disclosure Act. Idaho law recognizes four agency types: buyer agency, seller agency, limited dual agency, and designated agency. Transactional agency — in which a licensee assists both parties without representing either — is recognized in some other states but has no statutory basis in Idaho.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
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.
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