During an Arizona file audit in Pima County, a broker plans to obtain limited-representation consent only after both parties have already relied on the broker as sole advocate. Which statement is most accurate under current Arizona rules?
Correct Answer
C) the consent should be obtained before the broker acts in a limited-representation role for both parties
Under A.A.C. R4-28-1101(F); AAR agency forms, the consent should be obtained before the broker acts in a limited-representation role for both parties.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
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