Agency
In New Jersey, a disclosed dual agent must obtain written informed consent from:
AOnly the buyer
BOnly the seller
CBoth the buyer and the seller✓ Correct
DThe NJREC only
Explanation
New Jersey agency law requires that both the buyer and the seller provide written informed consent before a licensee may act as a disclosed dual agent representing both parties in the same transaction.
Related New Jersey Agency Questions
- A NJ seller's agent who discloses to the buyer that the seller must sell quickly due to financial hardship has violated the duty of:
- A NJ broker who simultaneously represents a buyer and a seller as a disclosed dual agent must provide both clients with:
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