Disclosed dual agency involves:

• A. Representing both parties without informing either.
• B. Representing a single party with permission from the other after closing.
• C. Representing both buyer and seller in the same transaction with informed consent of both.
• D. Representing only the seller.

Answer: (C)

Disclosed dual agency means one real estate agent represents both the buyer and the seller in the same transaction, and both parties have given informed written consent after being fully informed about the potential conflicts. This arrangement works because a single agent can facilitate the overall process while acknowledging that their loyalty cannot be solely to one side; they must remain neutral, protect each party’s interests as much as possible, and avoid sharing confidential information that could harm either side’s negotiation position. The consent must be documented, and the agent must disclose all material facts and limitations of their duties to both parties so everyone understands what is happening and agrees to it.

Choosing this option is different from situations where there is no disclosure of dual representation, or where representation shifts only after closing, or where the agent represents only the seller. Those scenarios do not reflect the balanced, consent-based arrangement that defines disclosed dual agency.