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AgencySubject 2 of 19

Dual agency

Representation of both sides in the same transaction by the same broker, with the required informed consent.

Direct answer

What does Dual agency mean?

Representation of both sides in the same transaction by the same broker, with the required informed consent.

Exam cue: A dual agent cannot provide undivided loyalty to both principals. Look for disclosure and informed written consent.

What does it look like in a question?

New York example

The listing broker also represents the buyer after both principals give informed consent in writing.

Common exam trap

What should you not confuse it with?

Working with both parties is not always dual agency. Representation, not contact, controls.

Related agency terms

AccountingThe fiduciary duty to safeguard and properly account for money, documents and property entrusted to the agent.AgencyA relationship in which an agent is authorized to act for a principal and owes duties within that relationship.Broker's agentAn agent who cooperates with or is engaged by another agent without becoming a subagent of that agent's principal.ClientA principal who is represented by a real estate agent.CustomerA person who receives services from a licensee but is not represented by that licensee as an agent.Designated sales agentA sales agent appointed within a disclosed dual agency arrangement to advocate for one principal in negotiations.
Sources used3 references with section locators

The curriculum citation confirms exam scope. Definition and rule citations support the explanation itself. Links and locators were checked on August 26, 2026.

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