Delaware License Law
Under Delaware law, a licensee who is involved in a transaction where they have a conflict of interest must:
AWithdraw from all agency relationships involving that transaction
BFully disclose the conflict in writing to all parties and obtain their informed consent before proceeding✓ Correct
COnly disclose the conflict to their employing broker
DDo nothing if the conflict is unlikely to affect the outcome
Explanation
Delaware license law requires licensees with conflicts of interest to fully disclose the nature of the conflict in writing to all affected parties and obtain their informed consent before proceeding. Failure to disclose conflicts violates fiduciary duty and can result in license discipline, rescission of the transaction, and civil liability.
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