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Which of the following is a true statement regarding a dual agent quizlet?

Which of the following is a TRUE statement regarding a dual agent? A dual agent is someone who represents both parties in a real estate transaction.

Can an agent represent both buyer and seller in Maryland?

There are primarily two ways a real estate agent in Maryland can represent one side of the transaction. An agent can represent the seller or the buyer. A Maryland real estate agent cannot represent both.

Why does a dual agency relationship require a disclosure signed by both parties?

Dual agency occurs when an agent is representing both the buyer and the seller. Disclosure is of the utmost importance in cases of dual agency, as it is still the fiduciary duty of the agent to represent the interest of both clients.

Can you be a dual agent in PA?

(a) A licensee may act as a dual agent if both parties consent in writing. (b) In addition to the duties required in 35.292 (relating to duties of licensees generally), a dual agent owes the additional duties of: (1) Taking no action that is adverse or detrimental to either partys interest in the transaction.

Can you list your house with two agents?

The simple answer is yes. The real question is why would you want to? Two agents are usually employed either because one agent has failed to secure a sale or because another promises you they have a buyer waiting. Sometimes this is true.

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