Agency
A limited dual agency in Indiana where the agent represents both buyer and seller is permitted only with:
AApproval of the Indiana Real Estate Commission
BPrior written disclosure and informed consent from both parties✓ Correct
CA court order
DThe managing broker acting as the sole agent
Explanation
Indiana permits dual agency only when both parties are fully informed of the agency relationship and consent in writing before the agent proceeds to represent both buyer and seller in the same transaction.
Related Indiana Agency Questions
- Ostensible (apparent) agency arises when:
- A principal may terminate an agency relationship at any time. However, doing so before the agency term expires may result in:
- Indiana's Seller's Residential Real Estate Sales Disclosure requires sellers to disclose their knowledge of defects in:
- Indiana's fiduciary duties in an agency relationship originate from which legal principle?
- Implied agency in Indiana occurs when:
- An Indiana broker who represents a buyer in a commercial transaction where the buyer wants to purchase a property with known environmental contamination should:
- The duty of accounting requires an agent to:
- An Indiana seller's agent who is asked by the buyer whether the seller has had any offers may:
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