When should a buyer give consent for dual agency in a real estate transaction?

When should a buyer give consent for dual agency in a real estate transaction?

• A. Before signing any contracts
• B. After a contract is prepared
• C. Before showing company listings
• D. After receiving agency disclosure

Answer: (C)

In a real estate transaction involving dual agency, the appropriate time for a buyer to give consent is before showing company listings. This is crucial because dual agency occurs when a single agent represents both the buyer and the seller in the same transaction, which can create potential conflicts of interest. Buyers need to be aware of this dynamic before they start viewing properties that the agent represents. By giving consent prior to viewing listings, buyers can make informed decisions and understand that the agent is acting on behalf of both parties. This transparency helps build trust and ensures that the buyer is fully aware of the implications of dual agency, including how their interests might be represented compared to those of the seller. Other options involve giving consent at different stages of the transaction that may not provide the buyer the clarity and understanding needed effectively. For example, consenting after a contract is prepared or after receiving an agency disclosure may limit the buyer’s ability to make an informed choice about their representation at a critical early stage in the process.

In a real estate transaction involving dual agency, the appropriate time for a buyer to give consent is before showing company listings. This is crucial because dual agency occurs when a single agent represents both the buyer and the seller in the same transaction, which can create potential conflicts of interest. Buyers need to be aware of this dynamic before they start viewing properties that the agent represents.

By giving consent prior to viewing listings, buyers can make informed decisions and understand that the agent is acting on behalf of both parties. This transparency helps build trust and ensures that the buyer is fully aware of the implications of dual agency, including how their interests might be represented compared to those of the seller.

Other options involve giving consent at different stages of the transaction that may not provide the buyer the clarity and understanding needed effectively. For example, consenting after a contract is prepared or after receiving an agency disclosure may limit the buyer’s ability to make an informed choice about their representation at a critical early stage in the process.