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AgencyTypes_of_agencyMEDIUM

Which types of agency relationships does Kentucky recognize?

Correct Answer

B) Seller's agent, buyer's agent, dual agent, and transaction broker (limited agent)

Kentucky recognizes seller agency, buyer agency, dual agency, and limited agency (transaction brokerage) relationships under KRS Chapter 324.

Answer Options
A
Seller's agent and buyer's agent only
B
Seller's agent, buyer's agent, dual agent, and transaction broker (limited agent)
C
Transaction broker only
D
Seller's agent, buyer's agent, and sub-agent only

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Related Topics & Key Terms

Related Topics:

KRS Chapter 324dual agencylimited agencytransaction brokerfiduciary dutiesagency disclosure form

Key Terms:

seller's agentbuyer's agentdual agentlimited agenttransaction brokerKRS Chapter 324
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