Agency
In Connecticut, a dual agency situation arises when:
ATwo brokers from different firms represent the same buyer
BOne licensee or firm represents both the buyer and the seller in the same transaction✓ Correct
CA licensee represents two buyers competing for the same property
DA broker lists more than 10 properties simultaneously
Explanation
Dual agency occurs when the same licensee or the same brokerage firm represents both the buyer and the seller in a single transaction. It is legal in Connecticut only with informed written consent from both parties.
Related Connecticut Agency Questions
- Which duty does a Connecticut buyer's agent owe ONLY to the buyer and NOT to the seller?
- A Connecticut listing agent who receives a low offer on a property listed at $450,000 must:
- A Connecticut buyer's agent has a client who wants to buy a property that the agent personally owns. What is required?
- Under Connecticut agency law, a designated agency arrangement means:
- A Connecticut agent represents a seller. A buyer's attorney calls the listing agent to inquire about the property's zoning compliance. The listing agent should:
- 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:
- A Connecticut broker represents both the buyer and the seller in the same transaction as a dual agent. What is required for this to be legal?
- A real estate licensee in Connecticut who represents a buyer in a cooperative (co-op) transaction owes the same fiduciary duties as in any other transaction. This is because:
Practice More Connecticut Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Connecticut Quiz →