Tennessee Real Estate Exam Practice Question
In a jurisdiction that allows dual agency the agent simultaneously represents both parties in what type of relationship?
Correct Answer: A
Rationale: In jurisdictions permitting dual agency, agents represent both the buyer and seller in a dual agency relationship, ensuring that both parties receive equal representation.
Option B, sub-agency relationship, involves an agent representing another agent's client, not both parties directly. Option C, fiduciary relationship, refers to the trust and responsibility an agent has towards a client but does not specify the simultaneous representation of both parties. Option D, customer relationship, describes a less formal connection where the agent does not owe fiduciary duties, making it unsuitable for scenarios involving dual agency.
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