Agency
In NJ, a buyer who works with a licensee under a buyer agency agreement and is shown a property listed by the same brokerage creates a situation requiring disclosure of:
ANothing; this is routine business
BPotential in-house dual agency or designated agency, requiring written consent from both buyer and seller✓ Correct
COnly the buyer's financial information
DThe seller's lowest acceptable price
Explanation
When a buyer represented by an agent in a brokerage tours a property listed by the same brokerage, NJ law requires disclosure of the dual agency situation and written informed consent from both parties before the transaction can proceed.
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