Dual Agency

Definition

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

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

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.
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