Agency
In Nevada, what is 'dual agency' and what disclosure is required?
ADual agency occurs when two brokers represent the same client; no disclosure needed
BDual agency is when one licensee or brokerage represents both buyer and seller in the same transaction; written informed consent from both parties is required✓ Correct
CDual agency is prohibited in Nevada under all circumstances
DDual agency only applies to commercial transactions
Explanation
Nevada allows dual agency (representing both buyer and seller) but requires written informed consent from both parties before entering into the arrangement. The licensee must disclose the potential conflicts of interest.
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