Under Washington's Law of Real Estate Agency (RCW 18.86), which of the following is NOT a duty that a licensee owes to their client?
Correct Answer
C) Guaranteeing the client a specific sale price for the property
Guaranteeing a specific sale price is NOT a duty owed to a client under RCW 18.86. No licensee can legally guarantee a sale price, as market outcomes depend on many factors outside the licensee's control. RCW 18.86 establishes specific duties — loyalty, disclosure, confidentiality, reasonable care and skill, and accounting — but a price guarantee is not among them and would constitute an improper promise.
Why This Is the Correct Answer
Why the Other Options Are Wrong
Deep Analysis of This Agency Question
Background Knowledge for Agency
Real World Application in Agency
Related Topics & Key Terms
Key Terms:
More Agency Questions
Which duty requires an agent to keep the principal informed of all material facts?
Under agency law in Nevada, dual agency is:
Under agency law in Hawaii dual agency is:
All correctly describe listing brokers and property managers except:
A New York dual agent must have:
- → Vermont requires agency disclosure:
- → Vermont real estate licensees are regulated by the:
- → Under California law, dual agency is:
- → Listing broker learns prospective buyer owes delinquent child support. Which duty requires disclosure to seller?
- → Under agency law in NH, disclosed dual agency is:
- → If a 16-year-old emancipated minor wishes to sell real property, their broker may:
- → All of the following actions create an agency relationship, except:
- → An agency relationship in real estate is terminated in multiple ways. All of the following are likely to be the cause of termination of an agency relationship, except:
- → Real estate brokers are required to have written employment contracts with:
- → A licensed real estate salesperson is primarily responsible to: