Agency
Which type of agency allows a single broker or brokerage to represent both the buyer and the seller in the same transaction?
AExclusive agency
BDual agency✓ Correct
CSingle agency
DTransactional brokerage
Explanation
Dual agency occurs when a broker (or brokerage) represents both the buyer and the seller in the same transaction. In Arkansas, dual agency is permitted only with written informed consent from all parties.
Related Arkansas Agency Questions
- A seller's agent who tells a buyer a home is in 'perfect condition' when they know there are major plumbing defects is guilty of:
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