A real estate agent who represents both the buyer and the seller in the same transaction is called a:
Why Dual agent Is Correct
Answer C: Dual agent
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
Key Agency Terms in This Question
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Related California Questions
- In California, when a broker represents both buyer and seller with written consent, what limitations apply to the dual agent?Agency
- In California, a listing agent who also brings the buyer and represents both parties must disclose dual agency:Agency
- What is 'informed consent' in the context of California dual agency?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:Agency
Key Terms to Know
A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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