Agency
Under Connecticut law, a 'buyer's agent' cannot also act as the seller's agent in the same transaction UNLESS:
AThe property is commercial
BBoth parties give informed written consent to dual agency✓ Correct
CThe commission is split equally
DThe buyer and seller are related
Explanation
Connecticut permits dual agency only when both the buyer and seller are fully informed of the dual agency relationship and its limitations, and both give their written consent before the agency begins.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
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