Under Minnesota law, which agency relationship requires informed written consent from BOTH the buyer and the seller before it can be established?
Correct Answer
C) Dual agency
Under Minn. Stat. Ch. 82, dual agency — where a single licensee or brokerage represents both the buyer and the seller in the same transaction — requires informed written consent from both parties before the dual agency relationship can be established. This requirement exists because dual agency creates an inherent conflict of interest, and both parties must knowingly agree to the arrangement after being fully informed of its implications.
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