What kind of agency relationship involves representing clients with opposing interests in the same transaction?

The agency relationship that involves representing clients with opposing interests in the same transaction is referred to as dual agency. In dual agency, a single real estate agent or brokerage represents both the buyer and the seller in the same transaction. This situation can create unique challenges, as the agent must navigate the interests of both parties, ensuring that each client's needs are met without compromising the confidentiality and loyalty that is inherently owed to each.

Dual agency is regulated in many jurisdictions to protect the interests of both parties. Typically, clear disclosure and consent from both the buyer and seller are necessary before entering into a dual agency arrangement. Because of the potential for conflicts of interest, agents must be careful to maintain neutrality while still providing adequate representation for both sides.

In contrast, options such as concurrent representation or express agreement do not specifically refer to a single agent representing opposing interests in a transaction. Similarly, fiduciary obligations pertain to the duties owed by an agent to their client but do not describe the relationship itself where an agent represents conflicting interests.