Business Degree Certification Practice Test

In a dual agency situation in California, what is the most critical requirement for the arrangement to be legal?

The broker must reduce their commission. Both the buyer and seller must provide their informed written consent. The transaction must involve only commercial property. The broker must hire an independent third party to represent one of the clients.

Correct Answer:

Both the buyer and seller must provide their informed written consent.

Explanation:

Dual agency is legal in California, provided that both the buyer and the seller give their informed written consent to the arrangement.

Access more questions from this quiz

Continue to Business Degree Certification Practice Test for more practice questions and the full quiz experience.

Access More Questions