Arizona requires that dual agency (limited representation) be disclosed and consented to:
Why In writing, with informed written consent from both parties Is Correct
Answer B: In writing, with informed written consent from both parties
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
Key Agency Terms in This Question
People Also Study
Related Arizona Questions
- Under Arizona law, limited dual representation requires:Agency
- Arizona's dual agency (limited representation) requires:Agency
- Which of the following BEST describes 'limited dual representation' under Arizona license law?Arizona License Law
- In Arizona, 'consensual dual agency' requires which of the following from both parties?Agency
- In Arizona, a real estate agent who acts for both buyer and seller without disclosure of dual agency and without consent may be liable for:Agency
- Arizona law requires a real estate licensee to provide a written agency disclosure to a prospective buyer or seller at which point?Arizona License Law
- Under Arizona Commissioner's Rules, a licensee must provide a written agency disclosure to a client:Arizona License Law
Key Terms to Know
A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Math Concepts
Study This Topic
Practice More Arizona Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Arizona Quiz →