Which of the following is NOT a characteristic of a properly disclosed dual-agency arrangement?
Correct Answer
D) The agent may share each party's confidential negotiating position with the other
Even in disclosed dual agency, the agent must maintain confidentiality for each party's negotiating information. Sharing confidential positions is a violation.
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A buyer approaches a listing agent at an open house and asks the agent to write the offer and represent the buyer as well as the seller. Before agreeing, what must the agent obtain from BOTH parties?
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A listing agent knows the seller wants to accept any offer above $290,000. When the buyer asks the listing agent what the seller would accept, what should the listing agent do?