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Agency Relationships DisclosuresDual_agency_nyEASY

In New York, what form of consent is required for dual agency?

Correct Answer

C) Written informed consent from both parties

New York law specifically requires written informed consent from both the buyer and seller before a dual agency relationship can be established. This ensures both parties understand the implications of dual representation.

Answer Options
A
Verbal consent from both parties
B
Email confirmation from both parties
C
Written informed consent from both parties
D
Consent from only the party who initiated the transaction

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Related Topics & Key Terms

Key Terms:

dual_agencywritten_consentboth_partieslegal_requirements
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