A licensed real estate professional who represents a buyer in a transaction without an agreement to represent the buyer is acting as a disclosed dual agent.
Real estate is property in the form of land and buildings, rather than personal possessions.
When a real estate agent represents both the buyer and the seller of a home, this is known as dual agency. As this helps minimise the potential conflict of interest that might arise when an agent negotiates for both sides, it is much more typical in most real estate transactions to have separate agents represent each party. When a single real estate agent acts as both the buyer's agent and the seller's agent in a real estate transaction, this is known as dual agency. It can also happen when the same real estate company represents both sides in a purchase and sell or rental transaction, or when the same agent represents both the landlord and the tenant.
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