Washington License Law
Under Washington law, a broker who acts as both a buyer's agent and a listing broker on the same property without consent from both parties is:
APermitted if the transaction closes successfully
BIn violation of RCW 18.86 for acting as an undisclosed dual agent✓ Correct
CPermitted if the broker is also a designated broker
DRequired to split their commission evenly
Explanation
Acting as both a seller's listing agent and buyer's agent without disclosing the dual agency and obtaining written consent from both parties is an undisclosed dual agency, violating Washington's RCW 18.86 fiduciary duty requirements.
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Key Terms to Know
Agency
A 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.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Math Concepts
State-Specific Concepts
License Law
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