Agency
In an in-house transaction where one brokerage represents both buyer and seller, the broker must:
AAutomatically withdraw from representing one party
BObtain written informed consent from both parties before proceeding as a dual agent✓ Correct
CAssign all duties to an escrow company
DNotify the DOS within 24 hours
Explanation
In an in-house dual agency situation in New York, the broker must obtain written informed consent from both the buyer and seller acknowledging and agreeing to the dual agency arrangement before proceeding.
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