Question

Chuck is a licensee who has listed the Carson's' home as a seller's agent and it is now under contract. The Carson's ask Chuck to also work with them to find and purchase a new home. What will be Chuck's role in the purchase transaction?

a) he may be either an agent or transaction-broker depending on the mutual agreement
b) he does not have to decide until the Carson's decide what home they want
c) he will be agent for the seller of their next home and must disclose that
d) he will continue to be their agent for all transactions with them

Answer 1

Answer: The correct answer is "a) he may be either an agent or transaction-broker depending on the mutual agreement".

Explanation: The Chuck's role in the purcharse transaction may be either an agent or transaction-broker depending on the mutual agreement.

This other transaction is not related to the previous relationship, here the Carsons can hire Chuck as a broker or as an agent