Agency
In Massachusetts dual agency, the broker must obtain written consent from:
AThe seller only, as the listing broker
BThe buyer only, as the procuring broker
CBoth the buyer and the seller✓ Correct
DThe Board of Registration
Explanation
Massachusetts law requires informed written consent from both the buyer and the seller before a broker can act as a dual agent representing both parties in the same transaction.
Related Massachusetts Agency Questions
- Under Massachusetts agency law, 'obedience' as a fiduciary duty means the agent must:
- Implied agency arises when:
- Which of the following is a fiduciary duty an agent owes to their principal in Massachusetts?
- Under Massachusetts law, a buyer's agent owes which duty to the seller (the non-client)?
- An agent who has a buyer client and learns of a seller's financial distress that would motivate a lower price MUST:
- A seller instructs the agent not to disclose that the basement floods during heavy rain. The agent should:
- In Massachusetts, when does a buyer's agency agreement typically expire?
- Which statement best describes a subagent?
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