Agency
In California, a real estate agent who represents the buyer and the seller in the same transaction is known as a:
ADesignated agent
BDual agent✓ Correct
CTransaction coordinator
DCooperating agent
Explanation
A dual agent represents both buyer and seller in the same transaction. California law requires written consent from both parties for dual agency and mandates disclosure via the Agency Disclosure form (AD-11).
Related California Agency Questions
- Under California law, the Transfer Disclosure Statement (TDS) is required for:
- The 'duty of obedience' requires a real estate agent to follow all lawful instructions of the principal. Which instruction would an agent be JUSTIFIED in refusing?
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- A property manager hired by an owner to manage an apartment complex is an example of what type of agent?
- In California, what is the maximum number of days a buyer's agent must provide the buyer with the Agency Disclosure form?
- What California form is commonly used to establish a formal buyer representation agreement?
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- When a listing expires, which of the following is still required of the agent?
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