Which statement is false regarding Indiana agency law?

In Indiana agency law, the statement that all agents must represent only one party is indeed false. While it's common practice for agents to represent either the buyer or the seller in a real estate transaction, this does not mean that they cannot represent multiple parties under certain conditions. Specifically, in scenarios where dual agency is permitted, an agent can represent both parties involved in a transaction, provided that proper consent is obtained from both the buyer and seller.

Understanding agency relationships is crucial, as they define the responsibilities an agent has towards their clients. If an agent works exclusively for one party, it reinforces the loyalty and fiduciary duty owed to that party; however, dual agency provides a different set of guidelines and requirements, particularly about consent and disclosure.

In this context, subagency and dual agency create situations where an agent might effectively represent multiple interests, demonstrating that agents may have the capacity to represent more than one party in specific situations, depending on the circumstances and agreements in place. Therefore, the statement regarding all agents needing to represent only one party fails to acknowledge the complexities of agency relationships allowed by Indiana law.