Which of the following is true regarding the responsibilities of a dual agent?

A dual agent represents both the buyer and the seller in a transaction, which brings with it specific responsibilities and obligations. The correct answer focuses on the dual agent's duty to maintain confidentiality and provide equal treatment to both parties involved. This is vital to uphold fairness and integrity in the transaction, as both the buyer and seller must feel that their interests are being adequately represented.

Maintaining confidentiality is especially important; a dual agent cannot disclose sensitive information about one party (like their financial situations or negotiation strategies) to the other party without permission. Additionally, equal treatment ensures that the dual agent does not favor one side over the other, which is crucial for building trust and effective communication throughout the process.

The other options convey misunderstandings of a dual agent's duties. For instance, prioritizing one party’s needs or negotiating only on behalf of one party goes against the essence of dual agency, which is to balance the interests of both parties. This ensures that the agent remains neutral and fair, avoiding potential conflicts of interest that could arise if one party were favored over the other.