Agency
A Massachusetts buyer's broker who discovers after signing a buyer representation agreement that they also represent the seller of the buyer's target property must:
ATerminate the listing agreement immediately
BDisclose the dual agency to both parties and obtain written consent to continue✓ Correct
CRefer the buyer to another agent without disclosure
DComplete the transaction without disclosure to avoid liability
Explanation
When a broker discovers a dual agency situation, Massachusetts law requires immediate disclosure to both the buyer and seller and obtaining informed written consent from both parties before proceeding. Failure to disclose is a serious ethical and legal violation.
People Also Study
Related Massachusetts Questions
- Massachusetts law requires buyer agents to provide buyers with a written agency disclosure:Agency
- In Massachusetts dual agency, the broker must obtain written consent from:Agency
- Dual agency in Massachusetts requires:Agency
- Under Massachusetts law, a listing broker who also represents the buyer in the same transaction must disclose the dual agency to:Agency
- Which Massachusetts law requires real estate licensees to disclose material facts about a property?Massachusetts License Law
- Massachusetts law requires landlords to provide tenants with a written receipt for a security deposit. The receipt must include:Property Management
- A Massachusetts buyer signs a Purchase and Sale Agreement with a home inspection contingency. The inspector finds the roof needs immediate replacement ($18,000). The buyer may:Contracts
- In Massachusetts, a 'use and occupancy' (U&O) agreement in an eviction proceeding allows the tenant to:Property Management
Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Study This Topic
Practice More Massachusetts Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Massachusetts Quiz →