Agency
A Utah agent who receives compensation from both the buyer and seller in a transaction without disclosure is engaged in:
ACreative commission structuring
BUndisclosed dual compensation, which violates Utah licensing law and fiduciary duties✓ Correct
CA permitted practice if both amounts are reasonable
DA transaction brokerage arrangement
Explanation
Receiving compensation from both parties without full disclosure violates fiduciary duties and Utah licensing law. Dual compensation must be disclosed and consented to by all parties.
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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.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
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