Under what circumstance can a real estate agent receive a commission from both buyer and seller?

A real estate agent can receive a commission from both the buyer and seller when there is full disclosure and consent from both parties. This practice is commonly referred to as dual agency, where the agent represents both sides in a transaction. It is crucial that the agent discloses their dual role to both parties and obtains their consent to ethically and legally collect commissions from both.

This approach ensures transparency in the transaction, allowing both the buyer and seller to be aware of the agent's incentives and possible conflicts of interest. When both parties agree, it protects the interests of all involved and maintains the integrity of the transaction.

In contrast, the other options do not encapsulate the requirements necessary for an agent to receive commissions from both parties without risking ethical breaches or legal issues. For instance, representing only the seller does not automatically authorize commission collection from both sides. Restrictions based on sales price thresholds are not standard practice for dual agency. Additionally, mere approval from a broker does not suffice without the informed consent of both the buyer and seller.