Washington State Real Estate Practice Exam 2025 - Free Real Estate Practice Questions and Study Guide

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What is a "dual agency" in real estate?

A situation where a broker represents one party only

A form of exclusive agency

When a broker represents both the buyer and seller in a transaction

A "dual agency" in real estate refers to the circumstances under which a broker represents both the buyer and the seller in a single transaction. This situation can arise when the same real estate broker or brokerage firm represents both parties, leading to a conflict of interest where the broker must balance the interests of both the buyer and the seller.

In a dual agency scenario, it is crucial for the broker to maintain transparency and provide fair treatment to both parties, as well as ensuring that both consent to this arrangement. This concept is particularly relevant in Washington State, where rules and regulations outline the requirements for disclosure and informed consent in dual agency situations.

Understanding dual agency is important for real estate professionals, as it allows them to navigate the complexities of representing multiple clients while adhering to legal and ethical standards.

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A situation where two agents represent the same party

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