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In Utah, which type of agency relationship exists when a licensee represents both the buyer and the seller in the same transaction with the informed written consent of both parties?

Correct Answer

B) Dual agency

Under Utah Code Ann. § 61-2f and Utah Administrative Code R162-2f, dual agency occurs when a single licensee represents both the buyer and the seller in the same real estate transaction. Utah law requires informed written consent from both parties before a licensee may act as a dual agent. This creates inherent conflicts of interest that must be disclosed.

Answer Options
A
Designated agency
B
Dual agency
C
Single agency
D
Subagency

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Related Topics & Key Terms

Key Terms:

dual_agencyagency_typesinformed_consentwritten_disclosure

Related Concepts

The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.

An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.

An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.

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