$27/134($ID: $79145)$

A licensee has an agency representation agreement with a buyer. When showing another company's listing, what obligation does the licensee have to the seller and the listing broker at the other company?

There is no obligation because the buyer's agent has a fiduciary duty to the buyer.

The listing broker works for the seller and has no right to any information from the buyer's broker or the buyer.

The buyer's agent will be paid by the buyer and has no obligations to the seller or his agent.

Disclose the agency relationship when arranging the showing and disclose material information about the buyer if presenting an offer.