Is dual agency legal in Florida if both parties are informed?

In Florida, dual agency can be legal if certain conditions are met. The correct answer to the question is that dual agency is permissible as long as both parties are informed. This means that for dual agency to be legally valid, there has to be full disclosure and informed consent from both the buyer and seller.

To clarify, while some states do not allow dual agency at all, Florida permits it under the condition that the agent thoroughly informs both parties involved of their dual representation and obtains their consent. This is typically done in writing, ensuring that everyone understands the implications of the agent representing both sides in a transaction, which can lead to potential conflicts of interest.

Understanding these nuances is crucial for real estate professionals in Florida, as it impacts their responsibilities and the way they conduct transactions.