Under Idaho law, what is required before a licensee may act as a dual agent?
Correct Answer
B) Written informed consent from both the buyer and the seller
Under Idaho law, a licensee may act as a dual agent only with the written informed consent of both the buyer and the seller. Dual agency must be fully disclosed and agreed to in writing before the licensee begins representing both parties in the same transaction.
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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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