If Broker B shows a property that has an exclusive right to sell listing with Broker A, what law is Broker B violating?

The correct answer is tied to the concept of agency and the legal obligations that come with it in real estate transactions. Specifically, Broker B is violating Arkansas License Law by engaging in activities that are not permitted under the terms of the exclusive right to sell listing agreement held by Broker A.

When a property is listed with an exclusive right to sell, it means that the seller has authorized only Broker A to market and sell the property. This exclusivity prohibits other brokers, like Broker B, from showcasing or selling the property without Broker A's involvement or consent. Violating this arrangement can lead to legal repercussions for Broker B, as it undermines the contractual agreement established between the seller and Broker A.

The other laws mentioned, such as Regulation Z, RESPA, and Regulation B, pertain to different aspects of real estate transactions. Regulation Z focuses on truth in lending practices, RESPA deals with disclosures and settlement procedures for mortgage transactions, and Regulation B pertains to fair lending practices. None of these directly govern the issue of exclusive agency and the conduct of brokers within that context, making Arkansas License Law the relevant legal framework in this scenario.