What must a real estate agent disclose if they are acting as a dual agent?

When a real estate agent is acting as a dual agent, it is essential to disclose the dual agency relationship to all parties involved in the transaction. This is important because dual agency occurs when an agent represents both the buyer and the seller in the same transaction, which can create conflicts of interest.

Disclosing the dual agency ensures that both the buyer and the seller are fully informed about the agent's role, helping them understand the implications of the agent representing both sides. This transparency is crucial for maintaining trust and ethical standards in real estate transactions. The other choices, while relevant to various aspects of real estate, do not pertain to the specific requirement for disclosure in a dual agency situation. Thus, acknowledging and clarifying the dual agency relationship is integral to the agent's responsibility in such scenarios.