Under Washington's Law of Real Estate Agency (RCW 18.86), a broker representing a buyer as a client owes several statutory duties. Which of the following is NOT one of the duties owed specifically to a buyer-client under RCW 18.86?
Correct Answer
C) Guaranteeing the physical condition of the property being purchased
Guaranteeing the physical condition of the property is NOT a duty owed by a buyer's broker under RCW 18.86. A broker is not a home inspector or a warrantor of property condition. The statutory duties owed to a buyer-client under RCW 18.86.040 are: loyalty, disclosure of material facts, confidentiality, reasonable care, and accounting. No guarantee of physical condition is included in or implied by these duties.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.
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.
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