Idaho Real Estate Practice Exam

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When Broker A receives a buyer from Broker B in Idaho, who does Broker A owe duties to?

The seller of the property
The buyer
The firm of the broker
Not specified

The correct answer is: The buyer

When Broker A receives a buyer from Broker B, Broker A owes duties to the buyer. This stems from the agency relationship that exists between the broker and their client. In this scenario, since Broker A is working with the buyer, they must act in the best interest of that buyer throughout the transaction. The primary responsibilities Broker A has include providing fair and honest representation, disclosing material facts, and maintaining confidentiality regarding the buyer's information and intentions. These duties are essential to ensure that the buyer is fully supported in their purchasing decision and feels secure in the process. While there are often other relationships and responsibilities involved in real estate transactions, the direct duties of Broker A are to the buyer they represent. The roles of sellers, other brokers, and firms are important in the broader context of a real estate transaction, but the fiduciary responsibility of Broker A centers primarily on the buyer in this situation.