Agency
A dual agent represents:
ATwo buyers competing for the same property
BBoth the buyer and seller in the same transaction✓ Correct
CA seller with two properties for sale
DAn agent licensed in two states
Explanation
Dual agency occurs when one agent (or brokerage) represents both the buyer and seller in the same transaction. It requires written consent from both parties in California.
Related California Agency Questions
- A buyer's agent discovers that a home has significant foundation problems not disclosed by the seller. What is the agent's duty?
- A subagent represents:
- An agent who secretly profits from a transaction without the principal's knowledge has violated the fiduciary duty of:
- In California, an agent's duty of 'obedience' to their principal means the agent must:
- In California, a listing agent who also brings the buyer and represents both parties must disclose dual agency:
- Under California law, if a listing agent also represents the buyer in the same transaction without proper disclosure and consent, the listing agent has committed:
- Which of the following best describes an 'exclusive right to sell' listing in terms of agency?
- Under California law, a real estate agent's duty to disclose applies to which of the following?
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