18.7k views
4 votes
Driven by concern about dual agency, states have imposed strict requirements of explicit ____ and written ____ concerning whom a broker or salesperson represents. 1. disclosures.

2. consent.

User Richardun
by
8.3k points

1 Answer

1 vote

Final answer:

States have imposed strict requirements of explicit disclosures and written consent concerning whom a broker or salesperson represents to address concerns about dual agency.

Step-by-step explanation:

Driven by concern about dual agency, states have imposed strict requirements of explicit disclosures and written consent concerning whom a broker or salesperson represents. These requirements are in place to ensure transparency and protect the interests of both buyers and sellers in the real estate market. For example, a broker must disclose if they represent both the buyer and seller in a transaction, as this could lead to a conflict of interest.

User Mzu
by
7.8k points