Washington State Real Estate Practice Exam 2025 – Complete Preparation Guide

Question: 1 / 400

Who executes the listing agreement or management contract in a fiduciary relationship?

The principal

A fiduciary relationship is a legal relationship where one party (the fiduciary) is obligated to act in the best interest of another party (the principal). In a listing agreement or management contract, the fiduciary duty is held by the agent, who is representing the principal. The administrator (choice C) is not typically involved in these types of contracts, and the mortgage holder (choice D) also does not have a fiduciary relationship with the principal. Therefore, the agent (choice B) is the correct option as they are the one executing the agreement or contract in this fiduciary relationship.

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The agent

The administrator

The mortgage holder

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