Agency
A New York buyer's agent who represents a buyer offering on a listing where the agent's own brokerage has the listing must ensure:
AThe buyer pays a higher commission
BFull disclosure of the dual representation and written consent from both buyer and seller, or use designated agency✓ Correct
CThe buyer's agent withdraws from the transaction
DThe seller accepts the offer
Explanation
In-house dual agency (one brokerage representing both buyer and seller) requires full disclosure to and written consent from both parties. Alternatively, designated agency can be used to assign different agents to each party within the same firm.
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