EstatePass
Agency PracticeQLDHARD

A licensed real estate agent in Queensland wishes to act for both the buyer and seller in the same transaction. Under the Property Occupations Act 2014, the agent must:

Correct Answer

B) Obtain written consent from both parties after making full disclosure of the dual agency

While dual agency is not prohibited in Queensland, the agent must make full disclosure of the dual agency and potential conflicts of interest to both parties and obtain written consent from each before proceeding.

Answer Options
A
Refuse to act for either party
B
Obtain written consent from both parties after making full disclosure of the dual agency
C
Act for the seller only since the seller appointed them first
D
Refer the matter to the Office of Fair Trading for approval

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Agency Practice Question

Sign up free to unlock full analysis

Background Knowledge for Agency Practice

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Agency Practice

Sign up free to unlock full analysis

Common Mistakes to Avoid on Agency Practice Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

dual agencywritten consentconflict of interest
Was this explanation helpful?

More Agency Practice Questions

People Also Study

Practice More AU Questions

Access 520+ Australian real estate practice questions and ace your Certificate IV.

Browse All AU Questions