Agency
A Connecticut real estate agent acting as a dual agent must:
ASecretly favor the party paying the higher commission
BObtain informed written consent from both buyer and seller✓ Correct
CAutomatically reduce their commission by 50%
DReport the dual agency situation to the Real Estate Commission
Explanation
Connecticut law requires that dual agency — representing both buyer and seller in the same transaction — be disclosed to and consented to in writing by both parties before the dual agent can proceed.
Related Connecticut Agency Questions
- In Connecticut, a 'transaction broker' or 'facilitator' differs from an agent because:
- Under Connecticut agency law, which of the following is a fiduciary duty that a buyer's agent owes ONLY to the buyer and not to the seller?
- 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:
- A Connecticut buyer wants to make a 'love letter' (personal letter) to accompany their offer to persuade the seller to choose them. The buyer's agent should advise the buyer that:
- A Connecticut property manager who is also the exclusive buyer's agent for the same client faces:
- A Connecticut buyer's agent is working with a buyer who wants to purchase a historic home. The buyer asks the agent for their opinion on the home's compliance with state historic regulations. The agent should:
- In Connecticut, when is an agent required to provide the agency disclosure form to a prospective buyer?
- A Connecticut seller's agent discovers during a listing that the property has significant water damage that was painted over. The agent must:
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