2 parts T/F? Ron realtor is hired by Lyle landowner to find a purchaser for a 10

Question

2 parts

T/F?

Ron realtor is hired by Lyle landowner to find a purchaser for a 10-acre hobby farm he owns in the country. Two days later, Paula purchaser comes to Ron and asks him whether he would be willing to be her agent in finding a small acreage in the country for her to buy. Ron agrees. Ron can serve as an agent to both Lyle and Paula in arranging a deal between them without violating any of his duties as an agent.

T/F?

Although the agent has duties to the principal, the principal has no duties to the agent.  

Explanation / Answer

1. True.

Ron just has to disclose to both parties that he is acting as an agent for both the parties or state that he is acting as a dual agent and can arrange the deal between both Lyle and Paula.

2. False

Sections 175 to 178 emphasize on duties of principal to agent which are providing commission or other agreed remunerations and not to stop agent from earning any commissions or indemnity to agent.

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