Agency Relationships and Disclosures Practice Question
Question
A buyer and seller disagree about a transaction term involving dual agency consent. Which statement is the most accurate exam answer? (Item 65)
Answer choices
- A. Recognize that dual agency requires informed consent from both parties.
- B. It is primarily a tax rule with no effect on brokerage practice.
- C. It removes the need for written disclosure if the licensee believes the client already knows.
- D. It can be ignored if the transaction is expected to close quickly.
Correct Answer
A. Recognize that dual agency requires informed consent from both parties.
Explanation
The correct answer is A because dual agency consent requires candidates to recognize that dual agency requires informed consent from both parties. The other options overstate the effect of custom, oral agreement, escrow, or independent salesperson action and do not reflect safe California exam practice.
Question details
- Difficulty: medium
- Domain: Agency Relationships and Disclosures
- Objective: dual agency consent