Contracts and Agency Exam 2 Flashcards Preview

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Flashcards in Contracts and Agency Exam 2 Deck (6)
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1

Agency? One client =

Buyer agency

2

Agency? My client is the listing broker =

Sub agency

3

Agency? I cannot provide full disclosure =

Dual agency

4

Agency? My agent is helping me find a place to rent =

Tenant agency

5

Agency? I cannot tell the buyer what my seller client is willing to accept =

Seller's agency, dual agency

6

Which fiduciary responsibilities are compromised when an agent becomes a dual agent?

Disclosure, Loyalty