Michigan Real Estate Exam Practice Question
A licensed and active broker represents both parties in a transaction. The broker must obtain consent:
Correct Answer: B
Rationale: In a dual agency situation, a broker must obtain the written consent of both parties involved in the transaction to ensure transparency and protect their interests. This consent is crucial for maintaining trust and complying with legal obligations.
Option A is incorrect because sharing information globally is not a requirement and could violate confidentiality. Option C, while similar, is misleading; consent must be obtained from both parties collectively, not individually. Option D is irrelevant as it suggests an unrelated action that does not pertain to the broker's obligation for consent in a transaction.
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