Agency
Dual agency in New Hampshire occurs when:
ATwo salespersons from different firms represent the same buyer
BOne broker or brokerage represents both the buyer and seller in the same transaction✓ Correct
CA broker represents a buyer in two simultaneous transactions
DA salesperson works for two brokers at the same time
Explanation
Dual agency arises when the same broker or brokerage firm represents both the buyer and the seller in the same transaction. New Hampshire requires written consent from both parties before dual agency may proceed.
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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.
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.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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