The following are dual agents under this chapter:
(A) A licensee who represents both the purchaser and the seller as clients in the same real estate transaction;
(B) A brokerage that represents both the purchaser and the seller as clients in the same real estate transaction;
(C) A management level licensee who represents a client in an in-company transaction. If there is more than one management level licensee affiliated with the brokerage and either of the following applies, the management level licensee is not a dual agent:
(1) The management level licensee personally represents either the seller or the purchaser in a transaction, in which case the management level licensee will represent only the interests of that licensee's client.
(2) The management level licensee is the purchaser or seller in a transaction and will represent only that licensee's interest.
Effective Date: 12-13-1996; 01-01-2005 .