Under Michigan law, which of the following statements accurately describes the written consent requirement for dual agency?
Correct Answer
A) Dual agency is permitted in Michigan only when both the buyer and seller provide informed written consent before the dual agency begins
Michigan law permits dual agency but requires that both the buyer and the seller provide informed written consent before the dual agency relationship begins. This requirement is established under MCL 339.2512d and the Michigan Occupational Code. The written consent must be obtained in advance, not after the fact, and both parties must fully understand the implications of the dual agency arrangement.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
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