Agency
Arizona's dual agency (limited representation) requires:
AAutomatic termination of the listing agreement
BInformed written consent from both the buyer and the seller✓ Correct
CA separate transaction coordinator be appointed
DApproval from the ADRE before proceeding
Explanation
In Arizona, a broker may represent both the buyer and seller in the same transaction only with the informed written consent of both parties. This is known as dual or limited representation.
Related Arizona Agency Questions
- In an Arizona in-house sale (buyer and seller both represented by the same brokerage), the broker must:
- In Arizona, an agent representing a buyer in a transaction where the buyer's brokerage also holds the listing (in-house sale) MUST:
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- The Arizona Agency Disclosure form must be:
- In Arizona, an agent's authority to negotiate the terms of an offer on behalf of their client comes primarily from:
- Under Arizona law, a buyer's broker who receives compensation from the seller or listing broker:
- Under Arizona law, a real estate salesperson who accepts a commission directly from a buyer or seller (rather than through their broker) is:
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