License Law & AgencyQuestion 29 of 100
A dual agent in New York is a broker who:
a.Represents two different buyers on two different properties
b.Represents both the buyer and the seller in the same transaction
c.Works for two brokerage firms at once
d.Holds both a broker and a salesperson license
Explanation
Dual agency exists when one broker represents both the buyer and the seller in the same transaction, creating a conflict of interest. New York permits it only with the informed, written consent of both parties. Because loyalty is divided, the dual agent cannot fully advocate for either side.
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