Agency
A Delaware buyer's agent shows a property that is listed by the same brokerage. This creates what type of agency?
ASingle agency
BSub-agency
CDesignated agency
DDual agency✓ Correct
Explanation
When one brokerage represents both the seller and the buyer in the same transaction, a dual agency situation exists, requiring written consent from all parties.
Related Delaware Agency Questions
- What is 'ratification' versus 'authorization' in Delaware real estate agency?
- Which fiduciary duty obligates an agent to promptly deliver all offers and information relevant to the transaction?
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- Delaware's Seller Agent Disclosure requires that the listing agent provide the seller with written disclosure of agency:
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- In Delaware, a transaction broker:
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