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General Principles Of AgencyAgency TypesMEDIUM

Dual agency occurs when:

Correct Answer

B) One agent represents both buyer and seller

Dual agency occurs when a single agent (or brokerage) represents both the buyer and seller in the same transaction. This creates a conflict of interest and requires written consent from both parties in most states.

Answer Options
A
Two agents work in the same office
B
One agent represents both buyer and seller
C
The agent has two listings
D
The buyer uses two agents
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Related Topics & Key Terms

Related Topics:

fiduciary-dutiesagency-disclosure-requirementssingle-agency-vs-designated-agency

Key Terms:

dual agencyfiduciary dutyconflict of interestwritten consentdesignated agency
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