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A New York dual agent must have:

Correct Answer

B) Informed written consent from both parties

Dual agency requires informed written consent from both buyer and seller.

Answer Options
A
Verbal consent from one party
B
Informed written consent from both parties
C
Court approval
D
DOS approval
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Related Topics & Key Terms

Related Topics:

fiduciary-dutiesagency-disclosure-requirementsconflict-of-interest-real-estatenew-york-real-estate-regulations

Key Terms:

dual agencyinformed written consentNew York RPL §443agency disclosurefiduciary duty
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