Can an agent legally represent both a seller and a buyer?

An agent can legally represent both a seller and a buyer, provided that there is full disclosure and consent from both parties involved. This situation is commonly referred to as dual agency. In this arrangement, the agent must inform both the seller and the buyer of their dual role and ensure that both parties agree to this representation.

The importance of disclosure lies in the potential conflicts of interest that may arise when one agent is representing both sides in a transaction. Full transparency allows each party to make informed decisions based on the knowledge of the agent's dual role. Additionally, many jurisdictions require that both parties provide written consent to dual agency to protect their rights and interests.

In contrast, the other options present situations that either misrepresent the legality of dual agency or imply unethical practices. There are established guidelines to ensure that agency relationships are handled lawfully and ethically, emphasizing the necessity for consent and disclosure.