A broker who simultaneously represents the best interests of both opposing parties in a transaction is known as a(n):
Question & Answer
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finder.
A finder is someone who locates potential properties or buyers but does not have the legal authority to act as an agent or create agency relationships. Finders do not owe fiduciary duties to either party.
dual agent.
A dual agent is when a single broker represents both the buyer and seller in the same transaction, which requires specific written disclosures and consent in California, not just operating independently.
subagent.
unlawful agent.
Unlawful agent is not a recognized agency classification in real estate. While some agency relationships may violate laws if not properly disclosed, this is not a valid agency type.
Why is this correct?
A subagent is a broker who represents the best interests of both opposing parties by acting as an agent for the listing broker. This occurs when the subagent brings a buyer to a property listed by another broker and owes fiduciary duties to the seller through the listing broker.
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