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General Principles Of AgencyDual_agency_and_conflictsEASY

A broker properly discloses the intent to represent both the buyer and seller and obtains written consent from both parties before proceeding. What role does the broker hold in this transaction?

Correct Answer

D) Dual agent

Dual agent is correct because the broker represents both the buyer and the seller in the same transaction with the informed consent required by law.

Answer Options
A
Designated agent
B
Subagent
C
Transaction broker
D
Dual agent

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Related Topics & Key Terms

Key Terms:

dual_agency_and_conflictsagencydual_agentconsent
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