New Jersey Real Estate License Exam 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 for transparency and ethical practice. Option B is accurate as it requires consent before a licensee shows a company listing to a buyer client, ensuring that all parties understand the dual agency relationship from the outset.
Option A is incorrect because consent must be obtained before any showing, not just before an offer is made. Option C suggests securing consent in the contract of sale, which is too late, as the buyer should be informed prior to any negotiations. Option D implies consent at closing, which fails to address the need for prior disclosure and understanding, potentially leading to conflicts of interest.
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