Who is the dual agent when broker Karl designates agents for the seller and buyer in the same transaction?

In a real estate transaction where broker Karl designates agents for both the seller and the buyer, the dual agent in this context is the principal broker. This is because the principal broker oversees the entire brokerage and is responsible for the conduct of all agents working under their license. In this situation, the principal broker is essentially the one representing both parties, maintaining a neutral stance while facilitating the transaction.

Designating agents means that while Marcee represents the seller and George represents the buyer, the principal broker remains the individual who has the fiduciary responsibility towards both parties. Thus, the principal broker is seen as the dual agent, acting in the best interest of both the seller and the buyer within the confines of the law and ethical guidelines of real estate practice. The responsibilities and obligations of the principal broker encompass the actions of both designated agents, which solidifies their status as the dual agent in the transaction.