Agency
In Delaware, what is a 'disclosed dual agent'?
AAn agent who works for two different brokerages simultaneously
BA licensee who, with the written informed consent of all parties, represents both the buyer and seller in the same transaction✓ Correct
CAn agent who discloses all property defects to both parties
DA broker who supervises two salespersons in the same transaction
Explanation
A disclosed dual agent in Delaware represents both buyer and seller in the same transaction with the written informed consent of both parties. The agent must disclose the dual agency relationship and obtain consent before proceeding. The agent owes limited fiduciary duties to each party.
Related Delaware Agency Questions
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- What is an 'implied agency' in Delaware real estate?
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- Dual agency in Delaware is:
- Under Delaware law, what is 'undisclosed dual agency' and why is it prohibited?
- Which of the following best describes a 'buyer representation agreement' in Delaware?
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