Agency
In Indiana, a disclosed dual agent must obtain:
AWritten informed consent from both parties✓ Correct
BOnly verbal consent from the buyer
CA court order permitting dual representation
DApproval from the Indiana Real Estate Commission
Explanation
Dual agency requires written informed consent from both the buyer and seller. The dual agent must remain neutral and cannot advocate for one party at the expense of the other or disclose confidential information without consent.
Related Indiana Agency Questions
- An Indiana broker who fails to present all offers to the seller unless instructed otherwise in writing may be in violation of:
- Indiana's rule that an agent may not purchase property listed with them applies because:
- The 'obedience' duty of an Indiana real estate agent requires the agent to:
- Which clause in a listing agreement ensures the broker will be paid if the property sells to a buyer the broker introduced after the listing expires?
- An agency relationship in Indiana is most commonly created by:
- In Indiana, the concept of 'vicarious liability' means that a managing broker may be held responsible for:
- An Indiana property manager who discovers that the investment property they manage is being used for illegal drug activity should:
- Constructive fraud in an Indiana real estate transaction occurs when:
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →