Agency
If a Delaware buyer's agent shows the buyer a property listed by their own firm, the minimum ethical requirement is to:
AWithdraw from representing the buyer
BDisclose the dual agency situation and obtain written consent from both parties✓ Correct
CIncrease the commission
DRequire the buyer to seek independent representation
Explanation
When both the listing agent and the buyer's agent work for the same brokerage, a dual agency situation arises. Delaware requires written disclosure and informed consent from both parties before proceeding.
Related Delaware Agency Questions
- When may an agent's duty of confidentiality be breached?
- What is 'dual agency' and what are its limitations in Delaware?
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- Under Delaware agency law, a licensee who represents neither buyer nor seller but facilitates the transaction is known as a:
- In Delaware, a seller's agent who discovers a hidden defect that the seller denies knowing about should:
- Under Delaware law, a broker who represents both buyer and seller in the same transaction as a dual agent must:
- Puffing in real estate advertising refers to:
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