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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Answer:
Lisa has a "comparative advantage" to Tim because she doesn't have an absolute advantage as implied with the same number of inputs on both sides, yet she still makes more than Tim.
Explanation:
These government rules are called regulations.
