Under California Civil Code §2079.21, what specific limitations apply to a dual agent's duties?
Correct Answer
C) A dual agent may not reveal that the seller will take less, absent consent
Section 2079.21 draws the line at price: without express written consent, a dual agent does not tell the buyer the seller will take less, nor the seller that the buyer will pay more. Other choices: a dual agent has plenty of duties; sharing everything equally is the opposite of what the section says; and recommending separate attorneys is sensible but not a statutory limitation.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
More Laws Of Agency Fiduciary Duties Questions
Under California law, the agency disclosure requirements apply to which types of property?
Under California law, when must a buyer's agent give the agency disclosure form to the buyer?
A broker who fails to promptly disclose their dual agency status is subject to:
A broker’s fiduciary obligation to protect a seller’s confidential information continues:
A broker has an exclusive agency listing on a property. If the owner sells the property, the broker is entitled to:
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