Question

The form starts by stating that I (the agent) must explain what dual agency means to you (the prospect).

The form has three sections:

Answer 1

Dual agency is when a real estate agent represents both the buyer and the seller in a transaction, which can create a conflict of interest.

Step-by-step explanation:

Dual agency is a concept commonly used in the real estate industry.

It occurs when a real estate agent represents both the buyer and the seller in a transaction.

This can create a potential conflict of interest as the agent owes fiduciary duties to both parties.