Agency
A buyer's agent who also represents another buyer interested in the same property creates:
ASingle agency with both buyers
BA conflict of interest requiring disclosure to both buyers✓ Correct
CA valid dual agency
DNo ethical issue if buyers are unrelated
Explanation
Representing competing buyers for the same property creates a conflict of interest. The agent has conflicting fiduciary duties and must disclose the conflict to both clients. Both clients must consent or the agent should refer one buyer to another agent.
Related California Agency Questions
- An agent who represents only the seller is obligated to disclose to the buyer which of the following?
- What is the primary legal document that establishes the agency relationship between a seller and their real estate broker?
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- A selling agent (buyer's agent) is required to conduct which type of inspection of a residential property in California?
- Agency by 'estoppel' means the agency is created because:
- When does a California agency relationship typically terminate in a residential sale?
- Which of the following is NOT a fiduciary duty owed by an agent to a client?
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