Agency
In Tennessee, a broker who acts as an agent for both the buyer and the seller in the same transaction without disclosure and consent is engaging in:
ADesignated agency
BUndisclosed dual agency✓ Correct
CSubagency
DTransaction coordination
Explanation
Undisclosed dual agency — representing both parties without their knowledge and consent — is a serious violation of Tennessee license law and fiduciary duty, subject to disciplinary action.
Related Tennessee Agency Questions
- A Tennessee affiliate broker is working with a buyer but has no buyer representation agreement. The broker is most likely acting as:
- The difference between a general agent and a special agent is that a general agent:
- A seller's agent must present all offers to the seller UNLESS:
- In a Tennessee transaction where one licensee in a firm represents the buyer and another represents the seller, this is called:
- In Tennessee, the duty of confidentiality to a client means the broker may NOT disclose:
- The real estate doctrine of 'caveat emptor' (let the buyer beware) has been significantly limited in Tennessee by:
- In Tennessee, the phrase 'substantive contact' that triggers the agency disclosure requirement means:
- In Tennessee, an affiliated licensee who acts as a dual agent without written consent from both parties faces:
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