Agency
In Wyoming, a licensee who represents both the buyer and seller in the same transaction with both parties' written consent is called a:
ASubagent
BDisclosed dual agent✓ Correct
CTransaction broker
DDesignated agent
Explanation
Wyoming allows disclosed dual agency when both parties provide written informed consent. The dual agent owes limited fiduciary duties to both parties and must disclose the agency relationship before it is established.
Related Wyoming Agency Questions
- A Wyoming licensee who is also the buyer in a transaction where they are the listing agent must:
- A Wyoming listing broker advertises a property for sale on the MLS. A cooperating buyer's broker who brings a buyer is working as:
- A Wyoming seller's listing agent who holds an open house interacts with a prospective buyer at the open house. Without a buyer's agent agreement, the agent represents:
- Designated agency in Wyoming means:
- In Wyoming, the agency disclosure must be provided to a consumer:
- Under Wyoming law, a designated agency arrangement means:
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