Broker Janet operates a real estate brokerage in Twin Falls, Idaho. She wants to represent a seller client in a transaction where one of her affiliated licensees is already representing the buyer. Janet has obtained written consent from both parties. Which of the following statements correctly describes Janet's role and obligation under Idaho law?
Correct Answer
A) Janet may act as the seller's designated agent while her affiliated licensee acts as the buyer's designated agent, with the brokerage serving as limited dual agent
Idaho law permits a designated broker to personally represent one party in a transaction while an affiliated licensee represents the other party, provided the brokerage has obtained written informed consent from both parties. In this structure, the brokerage is the limited dual agent, and each individual licensee (including the broker personally) acts as a designated agent for their respective client. This is consistent with Idaho Code § 54-2087.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
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