Agency
When a New Jersey real estate firm represents both the buyer and seller in the same transaction as a disclosed dual agent, the firm must obtain:
AOnly verbal consent from both parties
BWritten informed consent from both the buyer and seller before proceeding✓ Correct
CNJREC approval for each dual agency transaction
DConsent only from the party who did not initiate contact with the firm
Explanation
NJ agency disclosure regulations require written informed consent from both buyer and seller before a licensee or firm may act as a disclosed dual agent. This consent must be obtained before the dual agency situation arises in the transaction.
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