Final answer:
A licensee should terminate the agency relationship with the client if the client refuses to consent to a dual agency relationship.
Step-by-step explanation:
When a client refuses to consent to a dual agency relationship, the licensee should terminate the agency relationship with the client. Dual agency occurs when a licensee represents both the buyer and seller in a transaction. Although it is legal in some states, it requires the full consent of both parties involved. If one party refuses to consent, the licensee cannot proceed with dual agency and should end the agency relationship with the client.