In a complex multiple representation scenario, Agent John represents the seller while his colleague Agent Mary from the same brokerage represents the buyer. What disclosure obligations exist?
Correct Answer
C) Written disclosure of multiple representation must be provided to both parties
When agents from the same brokerage represent both buyer and seller, this constitutes multiple representation at the brokerage level. Written disclosure and informed consent from both parties is required, regardless of different individual agents being involved, as they work under the same broker.
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Previous Question
In a complex multiple representation scenario, Agent A represents the seller, Agent B represents the buyer, but both agents work for the same brokerage. The buyer wants to submit an offer $20,000 below asking price. How should this confidential information be handled?
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In a complex multiple representation scenario in Ontario, Broker A represents the seller, Agent B from the same brokerage has a buyer representation agreement with the buyer, but Agent C from the same brokerage actually shows the property and writes the offer. What disclosure obligations exist?