Under RCW 18.86, when a Washington broker represents a buyer as a client, which duty requires the broker to place the buyer's interests above all other parties, including the broker's own financial interests?
Correct Answer
A) Loyalty
Under RCW 18.86.040, a broker representing a buyer as a client owes the duty of loyalty, which requires the broker to act solely in the buyer's best interests and to subordinate the broker's own interests and the interests of all other parties to those of the buyer-client. This is a core fiduciary-level duty owed to clients under Washington's statutory agency framework.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
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