In Maine, a licensee may practice dual agency only with:
Correct Answer
B) Written informed consent from both the buyer and the seller
Maine law permits dual agency only when both the buyer and the seller have given their informed written consent. The licensee must disclose the dual agency relationship and obtain written consent from both parties before proceeding.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
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