A broker signed a listing agreement with the Ghent's to market their luxury downtown condominium. A few days later, the broker Signed a buyer representation agreement with The Smiths, who were looking for a modest suburban single-family home. If the buyers decide they're in the market for a luxury downtown condominium instead, and want to see the Ghent's property, what should the broker do?
a. Say nothing and collect a commission from the sellers and a fee from the buyers
b. Disclose the intended dual agency and obtain both parties written consent
c. Withdraw from representing one of the Parties to avoid any appearance of self-dealing
d. Nothing, but accept compensation from Only one of the parties
Answer: b. Disclose the intended dual agency and obtain both parties written consent
Business