medium · National Real Estate Exam agency
A real estate salesperson is working with a buyer who has not signed a representation agreement. While showing a property listed by the salesperson's own broker, the buyer asks why the seller is moving.
To whom does the salesperson owe the duty of loyalty in this scenario?
- Both the buyer and the seller equally, since the salesperson is functioning as a dual agent here.
- The seller, because the salesperson's broker is the agent of the seller and the salesperson is a sub-agent.
- The state real estate commission, since it oversees licensees to ensure a fair, balanced transaction.
- The buyer, because the salesperson is currently the one spending time showing homes and answering the buyer's questions.
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