Final answer:
The seller gives consent for dual agency when signing an agreement that fully discloses the dual agency situation and its implications. Informed consent is essential in this scenario to ensure all parties understand the dual representation.
Step-by-step explanation:
The seller gives his/her consent of dual agency when he or she signs an agreement with the real estate agent or broker. This agreement should clearly disclose the potential for a dual agency situation and the associated conflicts of interest.
The seller must provide informed consent, which usually means acknowledging understanding of the dual relationship and agreeing to it in writing. In a dual agency scenario, the real estate agent or broker represents both the seller and buyer in a transaction, which can lead to conflicts of interest because the agent owes a fiduciary duty to both parties.
Full disclosure and informed consent are typically required by law to ensure that both parties are aware of and agree to the dual representation before proceeding.