Question

7. all of the following are true, except: a. real estate salespersons and brokers are required to be licensed. b. a real estate broker, not the sales- person, is appointed by the principal to be the agent. c. dual agency does not require written confirmation from the buyer and seller. d. dual agency means the real estate broker represents both the buyer and seller.

Answer 1

All of the following are true, except Dual agency does not require written confirmation from the buyer and seller. Option C

This is further explained below.

What is a Dual agency?

Generally, In a transaction involving a dual agency, the purchaser and the seller collaborate with a stand-alone treatment who represents them both, rather than working with separate agents.

Dual agency happens often in real estate transactions in which the buyer and the seller work with the same brokerage.

The agency may either be a company or an organization, and it works on behalf of another firm, an individual, or a group to provide a certain service.

In conclusion,

"Real estate salespersons and brokers are required to be licensed" is True

" Dual agency means the real estate broker represents both the buyer and seller." is also true but;

Everything that has been said up to this point is accurate, with one exception: dual agency does not call for the buyer and seller to provide formal confirmation. Alternative C

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