In a Dual Agency, how many parties does an agent represent?

In a Dual Agency situation, an agent represents both the Seller and the Buyer in the same real estate transaction. This relationship is unique because the agent must balance their obligations to both parties, which involves helping each party achieve their goals while maintaining confidentiality and fairness. This is significant in ensuring that both parties feel represented and understood, as the agent must navigate the interests and needs of both the Seller and Buyer without favoring one over the other.

The viability of a dual agency arises from the mutual consent of both parties, as they must agree to this arrangement after being fully informed about the implications, including potential conflicts of interest. It's crucial for agents in a dual agency to adhere closely to legal and ethical guidelines to ensure they are acting in the best interests of both clients while also facilitating a smooth transaction.