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General Principles Of AgencyBuyer_representationEASY

Casey Patel asks a licensee to unlock homes and submit an offer but refuses to sign any representation agreement. In that situation, what role does Casey Patel usually have relative to the brokerage?

Correct Answer

C) Buyer as customer

Buyer as customer is correct because the facts match a buyer who receives limited assistance from a broker without entering an agency relationship. That is the best description of the relationship, right, or legal concept tested here.

Answer Options
A
Client
B
Customer
C
Buyer as customer
D
Loyalty

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Related Topics & Key Terms

Key Terms:

buyer_representationagencybuyer_customernonclient

Related Concepts

The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.

The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.

A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.

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