Under Rhode Island law, a licensee may legally practice dual agency only with:
Correct Answer
B) Written informed consent from both the buyer and the seller
Rhode Island law permits dual agency only when both the buyer and the seller provide written informed consent. The licensee must fully disclose the dual agency relationship and obtain signed acknowledgment from both parties before proceeding.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
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