Sandra signs an exclusive listing agreement with broker Kevin to sell her home, and Kevin alone holds the contract with her. During an open house, prospective buyer Marcus asks Kevin directly whether Sandra would accept $15,000 below list price. Kevin politely declines to share that figure, explaining that he must protect Sandra's confidential negotiating position, although he confirms every offer Marcus submits will be presented promptly. Kevin owes confidentiality, loyalty, full disclosure of material facts, accounting, and reasonable care exclusively to Sandra. Which representational status does Kevin hold in this transaction?
Correct Answer
B) Seller's agent
Kevin's exclusive listing agreement is solely with Sandra, and his fiduciary duties — confidentiality, loyalty, disclosure, accounting, and reasonable care — flow to her alone. A licensee whose representation and fiduciary duties run only to the seller is a seller's agent.
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Previous Question
An elderly father is diagnosed with progressive dementia and signs a comprehensive power of attorney in favor of his daughter. The instrument expressly authorizes her to sell his house, manage his investments, pay his bills, sign deeds and contracts, and make virtually any other legal or business decision for him. She is not limited to one transaction or one business sector — her authority sweeps across nearly every aspect of his affairs. When she signs documents, they bind her father with the same legal effect as if he had signed personally. Which classification of agent best describes the daughter's authority?
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All of the following are agency-relationship roles in real estate practice EXCEPT