Agency
A Maine real estate agent who represents both the buyer and seller in the same transaction with both parties' written consent is acting as:
AA subagent
BA disclosed dual agent✓ Correct
CA transaction broker
DA designated agent
Explanation
In Maine, when one agent represents both buyer and seller with written informed consent from both parties, the agent is a disclosed dual agent.
Related Maine Agency Questions
- In Maine, a real estate agent who has not been formally hired by a buyer but shows them property and assists them may have inadvertently created:
- Maine's 'Consumer Information Statement' must be provided to buyers and sellers at which point in the transaction?
- A Maine listing agent who receives an offer from an unrepresented buyer must:
- In Maine, a buyer's agent who discloses the buyer's financial capacity to the listing agent without authorization has breached which duty?
- Maine's disclosure requirements state that the Consumer Information Statement must be provided 'at the first substantive contact.' What constitutes 'substantive contact'?
- Under Maine law, a real estate agent's duty of disclosure includes disclosing which of the following to a buyer?
- In Maine, what is a 'designated agent'?
- A Maine salesperson working under a broker who has a designated agency policy may be designated to represent only the buyer in a transaction where another agent in the same office represents the seller. This arrangement:
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