Question

Broker Steve has a listing agreement with Seller Dave. His office policy does not allow him to represent a seller and buyer in the same transaction. What are the options for Broker Steve?

1) He cannot work with the buyer
2) He can work with the buyer as an intermediary
3) He can work as a dual agent if the seller allows it
4) He must work with the seller as a single agent

Answer 1

Broker Steve has several options: he cannot work with the buyer directly, can work as an intermediary, can work as a dual agent with the seller's consent, or must work solely with the seller as a single agent.

Broker Steve's options are as follows:

1. He cannot work with the buyer: Due to his office policy, Broker Steve is not allowed to represent a seller and buyer in the same transaction. Therefore, he cannot work directly with the buyer.
2. He can work with the buyer as an intermediary: If both the buyer and seller agree, Broker Steve can work as an intermediary, facilitating the transaction between the two parties without representing either side.
3. He can work as a dual agent if the seller allows it: With the seller's permission, Broker Steve can represent both the seller and the buyer as a dual agent. However, this option is subject to the seller's consent, as not all sellers may be comfortable with this arrangement.
4. He must work with the seller as a single agent: If none of the above options are viable, Broker Steve must work solely with the seller as a single agent.