Dual Agency

Definition

• The condition of a real-estate agent or broker representing both parties in a transaction.

Synonyms
firm, work both sides, brokerage, company, dual representation

Related Terms and Acronyms

• Agency (agcy) — Abbreviation,
  • A relationship between two parties -- a client and an agent -- in which the agent represents the client in transactions with a third party.
• Agent (agt) — Abbreviation,
  • A person who acts on behalf of another. In real estate, an agent is a person who conducts transactions on behalf of sellers and sometimes buyers.
• Broker (Bkr) — Abbreviation,
  • A person or firm who acts on behalf of another.
• Dual Agent — Definition,
  • A real estate agent who acts for both parties in a property sale.
• Real Estate Agent — Definition,
  • A person who is licensed to represent a buyer or seller of land and the buildings and other improvements on it.
• Realtor — Definition,
  • A real estate broker or an associate holding active membership in a real estate board.