Agency
What is 'informed consent' in the context of Nevada dual agency?
AThe buyer and seller signing any form before the transaction closes
BBoth the buyer and seller voluntarily agreeing to dual agency after receiving full disclosure of the implications and potential conflicts✓ Correct
CThe broker informing both parties of the commission rate
DThe seller's consent to allow the buyer to perform inspections
Explanation
Informed consent for dual agency in Nevada requires both buyer and seller to receive full disclosure of the dual agency arrangement, understand the potential conflicts of interest, and voluntarily agree in writing to the arrangement before it is established.
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