Idaho Real Estate Practice Exam

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Prepare for the Idaho Real Estate Exam with study aids like multiple choice questions and flashcards, each with detailed hints and explanations. Get exam-ready!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What describes the relationship between Broker A and the buyer in a transaction?

Broker A represents the seller's interests
Broker A may represent the buyer
Broker A must reject any buyer
Broker A has no obligation to the buyer

The correct answer is: Broker A may represent the buyer

Broker A may represent the buyer in a transaction, which means that Broker A has a fiduciary duty to act in the best interests of the buyer. This representation could involve providing advice, negotiating terms, and obtaining information to help the buyer make informed decisions. It is important to understand the role of the broker in a real estate transaction. While a broker may represent the seller, they are also able to work with buyers, either as a buyer's agent or in a dual agency situation, where they represent both parties. This capacity to represent the buyer allows for a more personalized service tailored to the buyer's needs and goals. Understanding the various roles and relationships that can exist between brokers and clients is crucial for making informed choices in real estate transactions. In this context, it's essential to recognize that a broker's service is not limited to representing sellers, thereby opening avenues for buyer representation that prioritize their specific interests in the purchase process.