What are the duties of a dual agent primarily focused on?

The duties of a dual agent primarily focus on contractual obligations. In the context of dual agency, the agent represents both the buyer and the seller in a real estate transaction, which creates a unique situation with specific legal requirements. The primary responsibility in such a setting is to manage and uphold the contractual agreements and obligations that exist between all parties involved.

Being a dual agent means balancing the interests of both clients while maintaining transparency and fairness. Thus, the agent must ensure that all contractual terms are clearly understood and adhered to by both the buyer and the seller. This includes ensuring compliance with regulations, managing disclosures, and facilitating negotiations in a manner that respects the contractual frameworks set out at the beginning of the relationship.

Though other aspects like marketing, relationships, and market analysis are important in real estate practice, the defining focus of a dual agent's duties centers more around the legal and contractual responsibilities tied to the representation of both parties. This commitment to upholding the contracts and obligations is crucial in dual agency to minimize conflicts of interest and maintain ethical standards in the transaction.