Final answer:
Advance informed consent in writing given by a client to an agent to operate as a dual agent is known as dual agency consent. It is important that clients are fully informed of the implications of dual agency, reflecting the principle of autonomy across various professional fields.
Step-by-step explanation:
When an agent receives advance informed consent in writing to operate as a dual agent, it is known as dual agency consent.
This practice allows the agent to represent both the buyer and the seller in the same transaction, provided that they have obtained express permission from both parties. It is imperative that all risks and benefits are clearly disclosed, and that the parties fully understand the implications before giving their consent.
Also noteworthy is the correlation with the wider principle of autonomy, which is widely respected in a variety of professional contexts, from real estate to medicine and research. Just as patients in clinical trials must provide informed consent for participation, clients in real estate must be fully informed regarding dual agency arrangements.