Definition: Dual agency occurs when a broker represents both buyer and seller as a fiduciary in the same transaction.
Example
A broker promises undivided loyalty to both opposing parties in one home sale; that describes prohibited dual agency in Florida.
Keep the distinction clear
Florida prohibits both disclosed and undisclosed dual agency. Transaction brokerage can assist both parties without fiduciary representation and is a different relationship.
Related terms
Single Agent · Transaction Broker · Designated Sales Associate
Keep studying
Buyer Agreements and Florida Agency: What Changed?
References: Florida Statutes 475.278: brokerage relationships and duties
Pronunciation (US): DOO-uhl AY-juhn-see (capitals show stress)
Pronunciation reference: Merriam-Webster
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