Question: 1 . What is an agent ? ( not a real estate agent but an agent in general ) . 2 . What are the

1. What is an agent ?(not a "real estate agent" but an agent in general).
2. What are the fiduciary duties that an agent owes the principal in an "agency relationship".
3. in regard to a real estate agent, describe the fiduciary duties between the seller, the listing broker, and the real estate salesperson (sub-agent).
4. Identify at least one problem or conflict of interest which could occur in a real estate transaction that risks violating these fiduciary duties and how it might be avoided.

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1 In general an agent is a person who is authorized to act on behalf of another individual or entity known as the principal in various legal or busine... View full answer

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