Question
Question \#59 of 60 Under the Texas Real Estate License Act, a broker who represents a party in a real estate transaction is A) a dual agent. B) a buyer's agent. C) that party's agent. D) a principal.
Ask by Martinez Lee. in the United States
Feb 24,2025
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Answer
A broker who represents a party in a real estate transaction is that party's agent.
Solution
The correct answer is C) that party's agent.
Under the Texas Real Estate License Act, a broker who represents a party in a real estate transaction is acting as that party's agent. While a broker might sometimes serve as a dual agent (representing both parties in a transaction), in this case, where the broker represents only one party, they are simply the agent for that party, not the dual agent or a principal.
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In Texas, when a broker represents a party in a transaction, they take on the role of that party's agent, meaning they are acting on behalf of that party’s interests. This establishment of agency can create fiduciary duties, emphasizing loyalty and care in the transaction. So, it’s clear that option C, “that party’s agent,” is the golden ticket! Now, while multi-tasking in real estate (like being a dual agent) is a thing, it comes with a tricky balancing act of meeting different parties' needs without straying into conflicts of interest. It’s essential for agents to understand these roles to maintain a transparent and fair process for everyone involved.
