Agent a and agent b both work for broker c. agent a is the listing agent and agent b represents an interested buyer. in this ins

Question

mariarad [96]

2 years ago

8

Agent a and agent b both work for broker c. agent a is the listing agent and agent b represents an interested buyer. in this ins

tance, the dual agent is:________

Social Studies

1 answer:

Flauer [41] · Answer 1 · 2023-12-02T15:57:56+03:00

A dual agent can fairly represent both parties in a real estate transaction.

A dual agent is a real estate term that means one agent or brokerage represents both the seller and the buyer in the same real estate transaction.

Legally speaking, a dual agent is a real estate broker, or an agent working for the same broker, who acts on behalf of both the seller and the buyer in a transaction. A broker is permitted to act as a dual agent in California only if the buyer and seller are both aware of and consent to the dual agency.

An Exclusive Listing Works. A listing agreement is a contract under which a property owner (as principal) authorizes a real estate broker (as agent) to find a buyer for the property on the owner's terms, a service for which the owner pays a commission.

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