Can a Broker-in-Charge (BIC) enter into a dual agency relationship with a Provisional Broker?

A Broker-in-Charge (BIC) cannot enter into a dual agency relationship with a Provisional Broker because this situation inherently creates a conflict of interest. In real estate, dual agency occurs when an agent represents both the buyer and the seller in the same transaction. The issue arises with the Provisional Broker, who, by definition, is working under the supervision of a BIC and is still in the process of completing their post-licensing education.

The relationship between a BIC and a Provisional Broker is designed to ensure that the Provisional Broker is adequately guided and supported as they learn the nuances of the real estate profession. Allowing a BIC to assume a dual agency role with a Provisional Broker could compromise the BIC's ability to fulfill their supervisory responsibilities. This conflict can lead to a situation where one party's interests are prioritized over the other due to the inherent imbalance of authority and experience between the BIC and the Provisional Broker. The relationship is structured to protect all parties involved and ensure that professional standards are upheld.

Consequently, maintaining clear boundaries regarding agency relationships is essential for ethical practice in real estate transactions, which reinforces why a dual agency relationship in this context is not permissible.