Final answer:
The Broker Dual Agency Disclosure Form must be completed and acknowledged when a real estate broker represents both the buyer and seller, ensuring informed consent and transparency regarding the dual agency.
Step-by-step explanation:
The Broker Dual Agency Disclosure Form must be completed and acknowledged by all parties when a real estate broker represents both the buyer and seller in a property transaction. This form is essential to ensure transparency and to obtain informed consent from both parties regarding the dual agency relationship. It outlines the broker's duties and the potential conflicts of interest that may arise. It's critical that both the buyer and the seller fully understand the implications of dual agency and provide written consent before proceeding with any transactions.