Agency
A real estate agent who represents both the buyer and the seller in the same transaction is called a:
ASubagent
BTransactional agent
CDual agent✓ Correct
DDesignated agent
Explanation
Dual agency occurs when one agent (or one brokerage) represents both the buyer and the seller in the same transaction. In California, dual agency is legal only with the informed written consent of both parties.
Related California Agency Questions
- What is the term for an agency created by written or oral agreement between the principal and agent?
- In California, when a broker represents both buyer and seller with written consent, what limitations apply to the dual agent?
- In California, a listing agent who also brings the buyer and represents both parties must disclose dual agency:
- What is 'agency by estoppel'?
- When may a California real estate licensee act as a principal (buying or selling for themselves) rather than as an agent?
- An agent who represents both the buyer and the seller in the same transaction is known as a:
- An agent who acts beyond the scope of their authority may be liable for:
- The duty of 'confidentiality' in a California agency relationship requires the agent to:
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