In real estate, Dual Agency occurs when a single real estate agent or brokerage represents both the buyer and the seller in the same transaction. In this situation, the agent works with opposing principals at the same time and owes fiduciary duties to both parties.
Because dual agency can create potential conflicts of interest, it is legal only when it is fully disclosed and agreed to in writing by all parties involved. In a dual agency relationship, the agent must remain neutral and may be limited in the advice or advocacy they can provide to either the buyer or the seller.
