Final answer:
Sea Gull Realty must disclose their disclosed dual agency policy to both parties before or at the time of entering a relationship. This disclosure is typically required to be in writing and must clarify what dual agency entails and its potential implications.
Step-by-step explanation:
Sea Gull Realty's policy of disclosed dual agency requires that the agency disclose their dual agency status to both the buyer and seller involved in a transaction. This disclosure must occur before or at the time they enter into a relationship with either party. It is essential that all parties are aware of any potential conflicts of interest and give informed consent to the dual agency arrangement. In most cases, the disclosure should be in writing and must clearly explain what a dual agency means and any implications it may have on the service provided to both parties.