Definition
Representation of both buyer and seller by the same brokerage or agent, prohibited in some states.
Example
Dual agency required written informed consent and limited the advice the agent could give either party.
Related terms
- Abstract of Title
- Adverse Possession
- Affidavit of Title
- Certificate of Occupancy
- Chain of Title
- Cloud on Title
Frequently asked questions
What does Dual Agency mean in real estate?
Representation of both buyer and seller by the same brokerage or agent, prohibited in some states.
How is Dual Agency used in practice?
Dual agency required written informed consent and limited the advice the agent could give either party.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.