Sarah is a real estate agent representing both the buyer and seller in the same transaction with written consent from both parties. What type of representation is this?
Correct Answer
B) Multiple representation
Multiple representation occurs when the same agent or brokerage represents both buyer and seller in a transaction with proper disclosure and written consent. This arrangement requires careful management of potential conflicts of interest and reduced levels of representation.
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More Residential Trading Questions
During the offer process, what happens when a seller receives multiple offers on the same day?
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Sarah is a real estate agent representing both the buyer and seller in the same transaction. What type of representation is this called and what must she do?
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