Agency
Dual agency in Delaware is:
AProhibited under all circumstances
BPermitted only with informed written consent of all parties✓ Correct
CPermitted without disclosure as long as the broker discloses
DPermitted only in commercial transactions
Explanation
Delaware permits dual agency only when all parties provide informed written consent after full disclosure of the dual agency relationship and its implications.
Related Delaware Agency Questions
- Which of the following is a legal obligation of a Delaware licensee acting as a transaction broker (facilitator)?
- Express agency is created by:
- What does 'undivided loyalty' mean as a fiduciary duty in Delaware real estate?
- What is a 'latent defect' and what are a Delaware seller's disclosure obligations regarding it?
- When does an agency relationship in Delaware real estate terminate?
- What is 'accountability' as a fiduciary duty in Delaware real estate agency?
- What is 'gross negligence' in the context of Delaware real estate agency?
- Under Delaware law, what is 'undisclosed dual agency' and why is it prohibited?
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