Dual agency
When a single brokerage represents both buyer and seller in a transaction. The conflict of interest is structural and may not always be disclosed in writing.
Dual agency is permitted in most yacht-broking jurisdictions provided it is disclosed. The standard MYBA and IYBA agreements include a dual-agency clause that the buyer signs with the central agent. Disclosure beyond that boilerplate, including any retrocession arrangements with introducing parties, is typically not volunteered.