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Under Massachusetts regulations (254 CMR 3.00), which type of agency relationship exists when a real estate licensee represents only the seller in a transaction?

Correct Answer

D) Seller agency

Under 254 CMR 3.00, seller agency is the relationship in which a licensee represents the seller exclusively, owing fiduciary duties such as loyalty, confidentiality, and obedience solely to the seller. This is one of the four agency relationships that must be disclosed to consumers in Massachusetts.

Answer Options
A
Buyer agency
B
Designated agency
C
Dual agency
D
Seller agency

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Related Topics & Key Terms

Key Terms:

seller_agencyagency_types254_cmr_3fiduciary_duties

Related Concepts

The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.

In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.

An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.

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