Agency
Dual agency occurs when:
ATwo agents from different brokerages work together on a transaction
BOne agent represents both buyer and seller in the same transaction✓ Correct
CA broker supervises two salespersons
DAn agent holds both a salesperson and broker license
Explanation
Dual agency exists when a single agent represents both the buyer and seller in the same transaction. This creates a conflict of interest and requires informed written consent from both parties in Idaho.
Related Idaho Agency Questions
- In Idaho, a licensee who is a party to a transaction (buying or selling their own property) acts as:
- The fiduciary duty of 'accounting' requires an agent to:
- In Idaho, which agency relationship is created when both the buyer and seller are represented by agents from the same brokerage?
- In an Idaho disclosed limited agency (dual agency) situation, the agent must:
- The duty of obedience in agency relationships requires an agent to:
- In Idaho, an agent who fails to disclose a material fact to a buyer may be liable for:
- In Idaho, a listing agent is also representing their own buyer on the same property. The listing price is $400,000. Under disclosed limited agency, the agent must NOT:
- A buyer's agent in Idaho must present all offers to their client buyer that:
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