Wisconsin's dual agency (multiple representation) requires:
Correct Answer
B) Written informed consent from both buyer and seller before multiple representation begins
Wisconsin requires written informed consent from both parties before a firm may represent both buyer and seller. Both parties must understand the limitations on advocacy and confidentiality.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
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- → A Vermont licensee is asked about a designated agency firm appoints separate agents for buyer and seller. What is the best answer?
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