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AgencyDual_agencyEASY

Under Massachusetts law, dual agency occurs when a real estate licensee represents which of the following parties in the same transaction?

Correct Answer

B) Both the seller and the buyer in the same real estate transaction

Under 254 CMR 3.00, dual agency exists when a single licensee (or brokerage) represents both the seller and the buyer in the same transaction. This creates an inherent conflict of interest and requires informed written consent from both parties before proceeding.

Answer Options
A
Two buyers competing to purchase the same property
B
Both the seller and the buyer in the same real estate transaction
C
A seller and a landlord listing properties through the same brokerage
D
A broker and a salesperson working together under one license

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Related Topics & Key Terms

Key Terms:

dual_agencyagency_relationships254_CMR_3definition

Related Concepts

The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.

An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.

An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.

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