What is described by single license dual agency?

Single license dual agency refers to a situation in real estate where a single agent or broker represents both the buyer and the seller in the same transaction. This means that one agent is responsible for facilitating the sale, balancing the interests of both parties, and ensuring that communication and negotiations are handled appropriately. The concept can create a unique scenario in which the agent must navigate potential conflicts of interest while working to achieve an agreement that satisfies both the buyer and seller.

In this context, the other options do not accurately describe single license dual agency. For instance, multiple agents sharing responsibilities typically involves a different structure of representation where different agents may represent the buyer and seller separately, rather than one agent acting on behalf of both. Similarly, two separate offices representing a single buyer and seller implies that there are distinct entities involved, which diverges from the idea of a single agent assuming dual roles. Lastly, while dual agency disclosures are indeed important, they are a regulatory requirement associated with dual agency situations rather than a direct definition of what single license dual agency is.