INSTRUCTION

Using the following scenarios, identify which scenario(s) are lawfully created Intermediary relationships and which are formed as dual agency.

In each scenario, point to the facts and explain WHY it is a(n) legal or illegal form of representation.

1. A prospective buyer has telephoned a license holder to inquire about a property listed by the license holder's broker, and tells the buyer, "I can make sure you get the best price possible for that house."
2. A broker represents a seller and has an office policy of acting as an intermediary. A sponsored sales agent brings in a buyer who wishes to purchase one of the broker's listings. The buyer wishes to remain unrepresented.
3. Best Realty is a licensed brokerage firm that engages in intermediary agency. The firm has two brokers (including the designated broker for the firm) and two sales associates. Allison has engaged Jones Realty to list her home for sale. Dustin is a Best client interested in purchasing the property. Both parties have agreed to intermediary representation in their representation agreements.