Agency
In Missouri, when a buyer's agent and listing agent are from the same brokerage, and the brokerage does NOT use designated agency, the result is typically:
ANo agency for either party
BDual agency requiring written consent from both buyer and seller✓ Correct
CAutomatic exclusive buyer representation
DTransaction brokerage is mandatory
Explanation
When a Missouri brokerage represents both buyer and seller in the same transaction without designated agency, the result is dual agency. Missouri law requires written informed consent from all parties before dual agency can proceed.
Related Missouri Agency Questions
- In Missouri, an agent's duty to present all offers to the seller ceases when:
- In Missouri, a buyer's agent's commission is typically paid by:
- Under Missouri agency law, a designated agent is:
- In Missouri, what fiduciary duty requires an agent to keep the client's information private?
- In Missouri, an exclusive right-to-sell listing means the broker earns a commission if the property sells during the listing period:
- In Missouri, 'sub-agency' occurs when:
- In Missouri, a buyer who signs a buyer representation agreement creates a(n):
- A Missouri 'transaction broker' is best defined as an agent who:
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