Agency
A dual agent may NOT do which of the following without violating their duties?
AFacilitate the exchange of documents between parties
BAdvocate for the best terms for one party at the expense of the other✓ Correct
CCommunicate factual information to both parties
DPresent all offers to the seller
Explanation
A dual agent cannot advocate exclusively for one party's best interest at the expense of the other. Their role is to facilitate, not to advance one client's position over the other's.
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
AgencyA 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.
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.
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