Agency
A listing agent who also represents a buyer for the same property without proper disclosure is guilty of:
APuffery
BUndisclosed dual agency, a violation of Michigan license law✓ Correct
CSteering
DCommingling
Explanation
Representing both buyer and seller without disclosing the dual agency and obtaining written consent constitutes undisclosed dual agency, a serious violation of Michigan license law that can result in license suspension or revocation.
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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.
SteeringAn illegal practice where a real estate agent directs buyers toward or away from certain neighborhoods based on the buyer's race, religion, national origin, or other protected characteristics.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
State-Specific Concepts
License Law
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