Agency
Dual agency in New York requires:
ANo special disclosure
BWritten informed consent from both the buyer and seller✓ Correct
CApproval from the Department of State
DA separate transaction broker agreement
Explanation
Dual agency in New York requires written informed consent from both parties. Without this consent, a licensee representing both buyer and seller is acting improperly.
Related New York Agency Questions
- An exclusive agency listing in New York differs from an exclusive right-to-sell listing in that:
- In New York, the agency disclosure form must be provided to a buyer or seller:
- An agency relationship is automatically terminated when:
- In New York, an agent's duty of 'confidentiality' survives the termination of the agency agreement, which means:
- In a designated agency arrangement in New York, the broker:
- In New York, the form that must be presented to a consumer at the first substantive contact is called the:
- In New York, an agent who discovers a material defect in a property after the listing agreement is signed must:
- A buyer's agent discovers that the seller's listed price is significantly below the property's market value. The buyer's agent should:
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