Agency
In Michigan, 'informed consent' required for dual agency means the parties must understand:
AOnly that the agent will be paid by both sides
BThe nature of dual agency, its limitations (the agent cannot advocate for either party), and alternatives (designated agency)✓ Correct
CThe total commission amount
DThe other party's financial position
Explanation
Informed consent to dual agency in Michigan requires that both parties understand what dual agency means (no advocacy for either side), its limitations, potential conflicts, and available alternatives like designated agency—enabling a truly informed decision.
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