Agency
When must an Indiana licensee update their agency disclosure if the agency relationship changes (e.g., from single agent to dual agent)?
AOnly at closing
BPromptly, before the change in relationship takes effect — with updated written disclosure and consent✓ Correct
CWithin 30 days of the change
DOnly if the client requests it
Explanation
If the agency relationship changes during a transaction (e.g., the buyer's agent becomes a dual agent when their buyer wants to purchase the agent's listing), updated written disclosure must be provided and consent obtained before the change takes effect.
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