Final answer:
The primary purpose of the new Disclosure of Dual Agency or Dual Representation form is to ensure transparency and protect the interests of clients in real estate transactions.
Step-by-step explanation:
The primary purpose for creating the new Disclosure of Dual Agency or Dual Representation form was to ensure transparency and protect the interests of clients in real estate transactions.
When a real estate agent represents both the buyer and the seller in the same transaction, it is called dual agency or dual representation. The new form requires agents to disclose this relationship to all parties involved, allowing them to make informed decisions.
This form helps prevent conflicts of interest and ensures that both buyers and sellers are aware of any potential disadvantages or advantages that may arise from this situation.