Agency
A Connecticut broker has an in-house policy of always representing both the buyer and seller in transactions handled by the firm. Without proper disclosure and consent, this is:
AEfficient and legally compliant
BAn undisclosed dual agency, which violates Connecticut law✓ Correct
CA permissible business model
DLegal if all agents are licensed brokers
Explanation
Dual agency without informed written consent from both parties is prohibited in Connecticut. An in-house policy of dual agency requires proper disclosure and written consent from all parties before the agency begins.
Related Connecticut Agency Questions
- Which of the following is an example of an agent's duty of accounting?
- A Connecticut agent who represents neither party and simply facilitates the transaction is acting as a(n):
- In Connecticut, a 'transaction broker' or 'facilitator' differs from an agent because:
- Connecticut real estate law requires that the agency disclosure form explain to consumers:
- In Connecticut, a dual agency situation arises when:
- A Connecticut licensee's fiduciary duty of 'confidentiality' continues after the agency relationship ends and applies to:
- In Connecticut, when is an agent required to provide the agency disclosure form to a prospective buyer?
- A Connecticut real estate agent acting as a dual agent must:
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