Agency
Which of the following best describes a 'dual agent' in California?
AAn agent who works for two different brokerages
BAn agent who represents both buyer and seller in the same transaction✓ Correct
CAn agent who holds both a salesperson and broker license
DAn agent who specializes in two types of property
Explanation
A dual agent represents both the buyer and seller in the same transaction. In California, this requires written consent from both parties and limits the agent's ability to advocate fully for either side.
Related California Agency Questions
- Which type of agency is created when a principal's actions lead a third party to reasonably believe an agency relationship exists?
- When does a California agency relationship typically terminate in a residential sale?
- In an exclusive right-to-sell listing, the broker earns a commission if:
- Which of the following best describes an 'express agency'?
- Which type of agency relationship is created when a principal approves an act already performed without prior authorization?
- Under California law, a real estate broker who manages property for clients must maintain a separate trust account for client funds. Mixing client funds with the broker's personal funds is called:
- When a seller lists a property 'net' — meaning they want a specific amount and the agent keeps everything above that — this arrangement is:
- California law requires that an agency confirmation be included in:
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