Agency
In California, a listing agent who also brings the buyer and represents both parties must disclose dual agency:
AOnly after both parties sign the purchase agreement
BTo both parties as soon as the agent knows they will represent both, and obtain written consent✓ Correct
COnly if the buyer requests disclosure
DAt close of escrow
Explanation
California Civil Code §2079.17 requires dual agency to be disclosed and confirmed in writing by both the buyer and seller as soon as the agent knows they will be representing both parties — not after the fact.
Related California Agency Questions
- Which of the following would automatically terminate an agency relationship in California?
- Which fiduciary duty requires an agent to use the skills and knowledge expected of a competent real estate professional?
- A listing agreement is a contract between:
- California law requires that an agency confirmation be included in:
- Under California's DRE regulations, a salesperson's agency obligations ultimately flow through:
- When does an agency relationship typically terminate?
- A listing agreement that automatically renews unless cancelled is called a(n):
- What is a 'net listing' and why is it controversial in California?
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