New Hampshire's RSA 331-A:25-b recognizes three types of agency relationships that licensees must disclose to all parties. Which of the following correctly lists all three recognized agency types under NH law?
Correct Answer
D) Seller's agent, buyer's agent, and disclosed dual agent
RSA 331-A:25-b explicitly recognizes three agency relationships in New Hampshire: seller's agent, buyer's agent, and disclosed dual agent. Licensees must use the state-approved Agency Disclosure Form to identify which relationship applies.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
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