Question

What type of real estate agency involves a situation where a real estate agent represents both the buyer and the seller in a transaction?

1.) Dual agency
2.) Sub agency
3.) Single agency
4.) Designated agency

Answer 1

Dual agency is the type of real estate agency where a real estate agent represents both the buyer and seller in a transaction.

Step-by-step explanation:

The type of real estate agency that involves a situation where a real estate agent represents both the buyer and the seller in a transaction is Dual agency. In this type of agency, the agent acts as a neutral intermediary, facilitating the transaction between the two parties.