Agency
What is 'informed consent' in the context of Idaho disclosed limited agency?
ASigning any agency disclosure form
BBoth parties understanding and agreeing in writing to the dual representation after being informed of the limitations it imposes on the agent✓ Correct
CAn attorney's written approval of the agency arrangement
DIREC's approval of the disclosed limited agency
Explanation
Informed consent to disclosed limited agency requires that both parties understand (1) what the agent can and cannot do in the dual role, (2) that the agent cannot give full advocacy to either party on price and terms, and (3) their consent is documented in writing.
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