In a dual agency situation, which of the following must be disclosed?

In a dual agency situation, it is essential to disclose that the agent is representing both parties. This transparency is crucial because dual agency creates a potential conflict of interest. Both clients need to be aware that the same agent is working for their opposing interests, which can affect the agent’s ability to advocate fully for each party. Proper disclosure allows clients to understand the implications of this arrangement, including any limitations on the agent’s ability to negotiate or disclose information. Ensuring both parties are informed fosters trust and reinforces compliance with legal and ethical standards in agency relationships.

The other options, while they may contain relevant information about the agent, do not specifically address the critical need for transparency regarding the dual representation, which is the central concern in this context.