In a disclosed dual agency, what type of knowledge do clients and the brokerage agency possess?

In a disclosed dual agency, the brokerage agency and the clients possess actual knowledge and information. This is crucial in the context of real estate transactions, as it means that both the buyers and sellers are fully aware of the roles the broker is playing and the specific details of the transaction. In a disclosed dual agency, the broker represents both parties in the transaction with their informed consent.

Actual knowledge refers to the information that the parties know for certain and have direct awareness of, such as the property's condition, the terms of the agreement, and other pertinent facts that can influence their decisions. This transparency is important because it helps to avoid conflicts of interest and ensures that both clients are treated fairly throughout the negotiation process.

Imputed knowledge, on the other hand, refers to knowledge that one party in a transaction is presumed to have based on the information held by another party within the same brokerage. This is relevant in certain scenarios, but it doesn't apply specifically to disclosed dual agency in the same straightforward manner as actual knowledge does.

Inevitably, the other options like imprecise information and non-disclosed information are not applicable in this context, as they would imply a lack of clarity or transparency regarding the knowledge the clients and brokerage possess, which directly contradicts the