________ agency occurs when an agent acts for two (2)or more different principals in the same transaction.

Question

Quizplus · Accepted Answer

Dual agency occurs when an agent represents both the buyer and seller or landlord and tenant in the same transaction. This presents a conflict of interest for the agent as they have a legal obligation to act in the best interest of both parties. It is illegal in some states and regulated in others with specific disclosure and consent requirements.

________ Agency Occurs When an Agent Acts for Two (2)or