Agency

Dual agency is established when a single broker represents both the buyer and the seller in the same real estate transaction, requiring consent from both parties. Having two agents represent a single buyer is incorrect, as that does not create a dual agency relationship with the seller.

While a seller's agent owes fiduciary duties like loyalty and confidentiality strictly to their client, they still owe third-party buyers the duty of honest and fair dealing. This requires the agent to disclose all known material facts about the property without misleading the buyer.

While a seller's agent owes fiduciary duties like loyalty and confidentiality strictly to their client, they still owe third-party buyers the duty of honest and fair dealing. A diagram for this topic isn't available yet — the worked example below walks the same reasoning step by step.

• !Having two agents represent a single buyer is incorrect, as that does not create a dual agency relationship with the seller.
• !Option A is incorrect because simply listing a property does not guarantee that the listing agent was the direct cause of procuring the ultimate buyer.

Answer each from memory — you'll see instantly whether you're right and why.

Run a focused 10-question mini-mock on Agency and see it stick.