Under Nevada law, when a licensee enters into a dual agency relationship, which of the following is required?
Correct Answer
B) Written informed consent from both the buyer and seller before the licensee may act as a dual agent
Under NRS 645.252, Nevada requires a licensee to obtain written informed consent from both the buyer and the seller before acting as a dual agent. Licensees also carry statutory confidentiality duties to each party as part of their obligations under Nevada law; however, these duties arise by statute and do not require a separate standalone confidentiality agreement document. Dual agency must be disclosed and consented to in writing before services are rendered.
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