Agency
Dual agency in Connecticut occurs when:
ATwo brokers from different companies cooperate on a transaction
BA broker or brokerage represents both the buyer and seller in the same transaction✓ Correct
CA salesperson and their broker are both involved in a deal
DTwo buyers compete for the same property
Explanation
Dual agency occurs when a single broker or brokerage represents both the buyer and the seller in the same transaction. It requires the informed written consent of both parties.
Related Connecticut Agency Questions
- A Connecticut agent is showing a buyer a property and discovers significant deferred maintenance not mentioned in the seller's disclosure. The agent's duty is to:
- In Connecticut, a dual agency situation arises when:
- Which duty requires a Connecticut agent to place the client's interests above all others, including the agent's own financial interests?
- A Connecticut agent who represents neither party and simply facilitates the transaction is acting as a(n):
- A Connecticut agent is showing a property to a buyer when the seller calls and asks the agent to share the buyer's personal financial information. The agent should:
- In Connecticut, a buyer's agent owes fiduciary duties to:
- Under Connecticut law, a 'buyer's agent' cannot also act as the seller's agent in the same transaction UNLESS:
- In a Connecticut buyer agency agreement, the broker owes which fiduciary duties to the buyer?
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