medium · National Real Estate Exam
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, as a dual agent.
- 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, to ensure a fair and balanced transaction.
- The buyer, because they are the one currently being served by the salesperson.
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