Which statement about single agency is true?

• A. The agent represents both parties in the same transaction.
• B. The agent owes no fiduciary duties to the client.
• C. The broker may designate multiple agents for the same client.
• D. The agent represents only one party in the transaction and owes fiduciary duties to that party.

Answer: (D)

Single agency means the agent represents only one party in a real estate transaction and owes fiduciary duties to that party. This exclusive representation ensures loyalty, confidentiality, full disclosure, obedience to lawful instructions, accountability for funds, and reasonable care for the client’s interests.

This is why the statement is true: the agent is not balancing two sides in the same deal, which would be dual agency. Fiduciary duties are a core part of representing a client in any agency relationship, so saying there are no fiduciary duties is incorrect. The idea of designating multiple agents for the same client describes a different arrangement and does not define single agency; the key point is exclusive representation and the corresponding duties to that one client.