Agency
When a buyer's agent shows properties listed by their own brokerage, this creates a potential:
AViolation of fair housing law
BIn-house (dual) agency situation requiring disclosure and consent✓ Correct
CAutomatic buyer's agent conflict
DListing agreement violation
Explanation
When an affiliated licensee shows the firm's own listings, an in-house dual agency or designated agency situation may arise, requiring disclosure to and consent from both parties.
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Key Terms to Know
Dual Agency
A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
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