AgencyIntermediateDelaware Exam
Under Delaware law, a broker who represents both buyer and seller in the same transaction as a dual agent must:
ARepresent both parties equally and advocate for both
BObtain informed written consent from both parties before actingCorrect
CDisclose the dual agency only to the buyer
DWithdraw from representing either party immediately
Why Obtain informed written consent from both parties before acting Is Correct
Answer B: Obtain informed written consent from both parties before acting
Delaware requires informed written consent from both the buyer and seller before a broker may act as a dual agent. Without this consent, dual agency is prohibited.
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
Key Agency Terms in This Question
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