Skyler Simmons is working with both Jamie Cruz and Cameron Lopez in the same transaction and both parties have given the consent required by law. What agency role does Skyler Simmons have?
Correct Answer
D) Dual agent
Dual agent is correct because the facts match an agent who represents both the buyer and the seller in the same transaction with the informed consent required by law. That is the best description of the relationship, right, or legal concept tested here.
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A cooperating broker works through the listing broker to assist in selling the property and, in a jurisdiction that recognizes the role, represents the seller rather than the buyer. What is the cooperating broker called?
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A brokerage represents both sides of a transaction, but the broker appoints one licensee to represent the buyer and another to represent the seller. What arrangement is this?