All of the following are agency-relationship roles in real estate practice EXCEPT
Correct Answer
B) Cloud on title
Seller's agent, buyer's agent, and designated agent are representation roles. A cloud on title is a title problem.
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Previous Question
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?
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Which of the following is NOT usually characterized as a type of agent authority relationship?