Agency
A Washington buyer's broker shows the buyer a property listed by the same brokerage. If the brokerage represents both parties, this is:
AIllegal under Washington law
BPermitted only with the buyer's written consent
CDual agency requiring written consent from both parties✓ Correct
DAutomatically a subagency relationship
Explanation
When the same brokerage represents both the buyer and seller in a transaction, dual agency exists in Washington. Written informed consent from both the buyer and seller is required before the dual agency can proceed.
Related Washington Agency Questions
- Washington's agency law requires brokers to provide the agency disclosure pamphlet. When must this be done for a seller at a listing appointment?
- Under Washington's RCW 18.86, which parties must sign a written agency agreement to establish a buyer's agency relationship?
- In Washington, a broker who has been representing a buyer finds out during negotiations that the seller has made a material misrepresentation on Form 17. The broker should:
- Under Washington's Law of Real Estate Agency, a broker representing a seller must disclose to the buyer:
- Under Washington's agency law, 'obedience' as a fiduciary duty means the broker must:
- In Washington, a seller's agent who learns their client is planning to defraud the buyer must:
- A Washington buyer's agent shows the buyer a FSBO (For Sale By Owner) property. For compensation, the agent would need to:
- A Washington broker who represents a buyer sees an in-house listing that could benefit the buyer. If the brokerage is in a dual agency situation, the broker must:
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