dual agent

dual agent definition - business

dual agent

In real estate, an agent who represents both the buyer and the seller. The potential conflict of interest inherent in representing both a buyer and seller has resulted in this practice being illegal in some states. In states where it is legal, both the buyer and seller must normally sign a written agreement.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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