Agency
Agency Practice Question
Missouri recognizes which agency relationships?
A
Only seller agencyB
Seller agent, buyer agent, dual agent, and transaction brokerC
Only buyer agencyD
No agency relationshipsExplanation
Missouri recognizes seller agency, buyer agency, dual agency, and transaction broker relationships.
More Agency Questions
A fiduciary relationship exists between:
Which duty requires an agent to keep the principal informed of all material facts?
Dual agency occurs when:
An agent who exceeds the authority granted by the principal:
A broker who represents both the buyer and seller in the same transaction without the knowledge and consent of both parties is practicing:
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