Real Estate Exam [National] 54, Dual Agency Explained

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • The legal definition of dual agency at the broker level versus the salesperson level • Why written informed consent is the absolute requirement for legal dual agency • Which fiduciary duties are limited and which remain intact during a dual transaction • How to identify and avoid the trap of implied dual agency through conduct • A mnemonic to remember the core requirements for representing both parties For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep