When a "real estate agent" is representing both the buyer and the seller in a transaction, they must let both parties know right away. This is called "dual agency".
These are questions that the above text answers:
1. What is the term used to describe when a real estate agent represents both the buyer and the seller in a transaction?
2. What is the responsibility of a real estate agent when they are acting as a dual agent?
3. When must a real estate agent inform both the buyer and the seller about dual agency?
4. What are the key considerations for real estate agents when it comes to dual agency?
5. What is the significance of dual agency in real estate transactions?
6. What is the purpose of informing both parties about dual agency?
7. What is the potential impact of dual agency on a real estate transaction?
8. What are the obligations of a real estate agent when they are acting as a dual agent?
9. How does dual agency affect the representation of the buyer and the seller in a real estate transaction?