Washington State Real Estate Practice Exam 2025 - Free Real Estate Practice Questions and Study Guide

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What type of relationship is created under the law of agency when a property owner executes a listing agreement?

A fiduciary relationship

When a property owner executes a listing agreement, they are creating a fiduciary relationship with their real estate agent. This means the property owner is entrusting their agent with handling their affairs and making decisions on their behalf. Option B, an adversarial relationship, is incorrect because an adversarial relationship is characterized by hostility or opposition, which is not the case in a listing agreement. Option C, a financial relationship, is incorrect because while financial transactions are involved, the relationship goes beyond that and involves trust and reliance. Option D, an ephemeral relationship, is incorrect because ephemeral means brief or short-lived, whereas a listing agreement is a legally binding relationship that lasts until it is terminated.

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An adversarial relationship

A financial relationship

An ephemeral relationship

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