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In WA, what is 'dual agency' and what ethical issues does it raise?

Correct Answer

D) One agent acting for both buyer and seller, a conflict needing disclosure and consent

Dual agency occurs when one agent represents both the buyer and seller in the same transaction. This creates an inherent conflict of interest, as the agent cannot fully advocate for both parties simultaneously. In WA, if dual agency occurs, the agent must make full written disclosure to both parties and obtain their informed consent.

Answer Options
A
Two agencies sharing a listing and its commission, which raises no conflict for either party
B
One agent handling both the sale and the later rental management of the same property
C
An agent holding licences in two states at once, which raises supervision concerns
D
One agent acting for both buyer and seller, a conflict needing disclosure and consent

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Related Topics & Key Terms

Key Terms:

dual agencyconflict of interestinformed consent
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