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Indiana's dual agency (limited agency) requires:

Correct Answer

B) Written informed consent from both buyer and seller before dual agency begins

Indiana requires both parties to provide written informed consent before a licensee may serve as a limited (dual) agent. Both must understand the reduced level of advocacy.

Answer Options
A
Verbal agreement
B
Written informed consent from both buyer and seller before dual agency begins
C
IREC pre-approval
D
Court authorization

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Related Topics & Key Terms

Related Topics:

IC 25-34.1-10-12limited agencyinformed consentfiduciary duty limitationsConsumer Guide to Agency Relationships

Key Terms:

limited agencywritten informed consentdual agencyIC 25-34.1-10-12both partiesbefore dual agency begins
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