At a brokerage meeting in Lake Havasu City, a broker plans to obtain limited-representation consent only after both parties have already relied on the broker as sole advocate. What is the most accurate response?
Correct Answer
D) 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 created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
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