Which of the following is true of dual agency?

Question

Quizplus · Accepted Answer

Dual agency is only permitted if all parties in the transaction agree to it. It is important to note that in some states, even with mutual consent, dual agency must be disclosed and agreed upon in writing by all parties involved. Choice A is incorrect because an undisclosed dual agent is not allowed to retain compensations of the transaction, but could face legal consequences. Choice B is incorrect because finders and middlemen are not necessarily dual agents. Choice D is incorrect because even if the interests of both principals are similar, it does not automatically permit dual agency without mutual consent.

Which of the Following Is True of Dual Agency