Under Wyoming law, dual agency requires which of the following?
Correct Answer
B) Written informed consent from both the buyer and the seller
Under Wyoming law, dual agency — where one agent or brokerage represents both the buyer and the seller in the same transaction — requires written informed consent from both parties before the dual agency relationship is established.
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Related Topics & Key Terms
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Key Terms:
Related Concepts
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
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