New Jersey Real Estate Practice Exam Free Practice Question
At what time MUST a licensee first secure an Informed Consent to Dual Agency?
Correct Answer: B
Rationale: Securing Informed Consent to Dual Agency is essential to ensure transparency and protect all parties involved. Option B is the best choice, as it requires consent before a licensee shows a company listing to a buyer client, ensuring that the buyer understands the potential conflicts of interest right from the start.
Option A is incorrect because consent must be obtained before any interaction that could create a dual agency situation, not just before an offer is made. Option C is misleading; while consent may be documented in the contract, it must be obtained prior to any actions that could lead to dual agency. Option D is too late, as consent should be established well before closing to ensure all parties are aware of and agree to the dual agency relationship.
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