Agency
An agent who represents both the buyer and the seller in the same transaction is known as a:
ADual agent✓ Correct
BSubagent
CBuyer's agent
DDesignated agent
Explanation
A dual agent represents both parties in the same transaction. In California, dual agency is legal but requires written informed consent from both the buyer and seller before it can proceed.
Related California Agency Questions
- In an exclusive right-to-sell listing, the broker earns a commission if:
- When does an agency relationship typically terminate?
- A real estate agent who fails to disclose a known material defect to the buyer may be subject to:
- An agency relationship can be terminated by all of the following EXCEPT:
- 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:
- When does a California agency relationship typically terminate in a residential sale?
- An agent who secretly profits from a transaction without the principal's knowledge has violated the fiduciary duty of:
- California's agency disclosure requirements mandate that the disclosure be made to a buyer or seller:
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