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Under an exclusive agency arrangement, the broker has a fiduciary arrangement with?


Question of the day

Under an exclusive agency arrangement, the broker has a fiduciary arrangement with?

(A) The seller  
(B) The buyer  
(C) The seller and buyer  (D) The seller primarily and secondarily to the buyer
 



Answer:  (A)  The listing agreement creates an agency relationship between the broker and seller, referred to as a fiduciary relationship.
 

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