Agent Priya represents the seller in a Wyoming residential transaction. The buyer, who has no agent, approaches Priya directly and asks her to help him draft an offer. Priya explains her agency relationship and the buyer agrees to proceed without representation. Priya provides the buyer with the WREC-approved agency disclosure form confirming she represents the seller. Which of the following best describes Priya's relationship with the buyer in this scenario?
Correct Answer
B) Priya remains the seller's agent and the buyer is an unrepresented customer to whom Priya owes honesty but not fiduciary duties
Under the Wyoming Agency Disclosure Act (W.S. 33-28-301 et seq.), a licensee who represents the seller may assist an unrepresented buyer with ministerial acts — such as helping complete offer paperwork — without creating an agency relationship with the buyer, provided proper written disclosure has been made. The buyer is treated as a customer, not a client. Priya owes the buyer honesty and disclosure of material facts but does not owe fiduciary duties such as loyalty or confidentiality to the buyer.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
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.
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