Dual Agent

Importance: 0.43

Is a company: no

Is a proper noun: no

Synonyms

  • dual representative
  • real estate agent
  • broker
  • work both sides

Definition of Dual Agent

  1. A real estate agent who represents both the buying and the selling parties in a property sale. A dual agent must treat both parties equally, cannot reveal confidential information, and cannot give confidential advice.

Related Terms and Acronyms

  • 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 Agency Definition,
    • When a real-estate agent or broker represents both parties in a transaction.
  • Subagent Definition,
    • A real estate agent who finds a buyer for a property, and is not the property's listing agent. The subagent usually earns a portion of the commission.
  • Realtor Definition,
    • A real estate broker or an associate holding active membership in a real estate board.
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