Agency
In a Kentucky transaction where a broker represents both buyer and seller without their informed consent, the broker is guilty of:
AUndisclosed dual agency✓ Correct
BDesignated agency
CSub-agency
DTransaction brokerage
Explanation
Undisclosed dual agency occurs when a broker represents both parties in a transaction without obtaining written consent from both. This violates Kentucky agency disclosure requirements and fiduciary duties.
Related Kentucky Agency Questions
- A Kentucky real estate licensee who helps a buyer find and purchase a property without a buyer representation agreement is likely acting as a:
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- A Kentucky buyer's agent learns that the buyer has been transferred and must purchase quickly. The agent should:
- In Kentucky designated agency, the broker who oversees both the designated buyer's agent and the designated seller's agent must:
- A buyer's representation agreement in Kentucky:
- A Kentucky licensee representing a seller discovers a material defect. The licensee must:
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