Virginia law imposes specific limitations on a dual agent's conduct to protect both parties. Which of the following is NOT a limitation imposed on a Virginia dual agent?
Correct Answer
D) The dual agent may not provide either party with factual information about the property's listing history
Providing factual information about the property — such as its listing history, days on market, or prior sale prices — is NOT prohibited for a dual agent. In fact, sharing factual, non-confidential property information with both parties is one of the permissible and expected functions of a dual agent under Virginia law. The limitations on dual agents concern advocacy, confidential communications, and one-sided advice — not the provision of objective factual information about the property itself.
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Related Topics & Key Terms
Key Terms:
Related Concepts
In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
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