Agency
Dual agency in Arkansas requires:
AWritten consent from only the seller
BWritten informed consent from both the buyer and seller✓ Correct
CVerbal consent from both parties
DNo additional consent if the brokerage has a designated agency policy
Explanation
Arkansas law requires that dual agency be disclosed and that both the buyer and the seller provide written informed consent before a broker may represent both parties in the same transaction.
Related Arkansas Agency Questions
- What distinguishes an 'express' agency from an 'implied' agency?
- The term 'fiduciary' in real estate agency means the agent:
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- Under Arkansas law, must a seller disclose that a murder occurred in the home?
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