Agency
In Michigan, a dual agent owes which duties to BOTH the buyer and the seller?
AFull fiduciary duties to both parties
BLoyalty and confidentiality only to the seller
CHonesty, disclosure of material facts, and accounting✓ Correct
DNo duties because dual agency is illegal in Michigan
Explanation
A dual agent in Michigan owes both parties honesty, disclosure of material facts affecting value, and accounting. The duties of undivided loyalty and full confidentiality are limited because of the dual nature of representation.
Related Michigan Agency Questions
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