Under a signed representation agreement, which word describes the person who is entitled to the broker's loyalty, obedience, and confidentiality?
Correct Answer
B) Client
Client is correct because the facts match a party who has entered into an agency relationship with a licensee and is owed fiduciary duties. That is the best description of the relationship, right, or legal concept tested here.
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Quinn Brooks explains forms and passes information between the parties but never advocates for either side or forms an agency relationship. What role best describes Quinn Brooks?
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A homeowner hires a brokerage to manage a 20-unit apartment complex, authorizing it to lease units, collect rents, and hire maintenance vendors on an ongoing basis. What type of agent is the brokerage in that capacity?