Under Washington's statutory agency framework in RCW 18.86, which of the following best describes the duty of loyalty that a seller's agent owes to the seller?
Correct Answer
A) The agent must place the seller's interests above all other parties, including the agent's own financial interests.
Under RCW 18.86.040(1)(a), the duty of loyalty requires a seller's agent to place the client's (seller's) interests above those of all other parties, including the agent's own interests. This is a fiduciary-level duty under Washington's statutory agency law and is one of the five specific duties owed to clients. The duty is absolute in a single-agency context and does not permit the agent to prioritize personal financial gain.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
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