Broker Mike at Badlands Realty represents the seller of a home in Bismarck. Buyer Carol approaches the listing and asks Mike to help her write an offer. Mike explains that he can assist both parties only if they both agree in writing. Carol and the seller both sign the required consent form. What type of agency has Mike entered into?
Correct Answer
B) Dual agency
When Broker Mike represents both the seller and the buyer Carol in the same transaction with written consent from both parties, this is dual agency under North Dakota Administrative Code Title 70. The written informed consent of both parties is a mandatory requirement before a dual agency relationship can be established.
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