Dual Listing

Definition of "Dual listing"

Listing where a real estate broker represents both the buyer and seller creating two principals. A real estate broker has a fiduciary relationship to represent a principals interests exclusively. A dual listing occurring without the knowledge of both parties causes the real estate broker to violate the principals fiduciary relationship, and therefore is illegal. Howe ever, if both the buyer and the seller are aware of and agree to the dual listing, then it is not illegal.

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