Agency
Under Indiana agency law, a dual agent must obtain written consent from:
AOnly the seller
BOnly the buyer
CBoth the buyer and the seller✓ Correct
DThe Indiana Real Estate Commission
Explanation
Dual agency in Indiana requires informed written consent from both the buyer and the seller before the broker may represent both parties.
Related Indiana Agency Questions
- Subagency occurs when:
- The fiduciary duty of confidentiality requires an agent to:
- Indiana's 'informed consent' requirement for dual agency means the agent must disclose to both parties:
- A buyer's agent in Indiana owes fiduciary duties to the buyer. Which of the following is NOT one of those fiduciary duties?
- In Indiana, when must a seller's agent disclose their agency relationship to a prospective buyer?
- Ratification of an agency relationship occurs when:
- An Indiana seller's agent who is asked by the buyer whether the seller has had any offers may:
- An Indiana buyer asks their buyer's agent to help them make an offer on a For Sale By Owner (FSBO) property. The buyer's agent should:
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