What is required for multiple representation to be permissible?

What is required for multiple representation to be permissible?

• A. Written consent from the clients
• B. Oral agreement between agents
• C. Consent from the supervising broker
• D. Disclosure to all parties involved

Answer: (A)

For multiple representation to be permissible, written consent from the clients is essential. This requirement ensures that all parties involved are fully aware of and agree to the arrangement where one agent represents more than one client in a transaction. Written consent serves to protect the interests of the clients and fosters transparency in the relationship, reducing the risk of potential conflicts of interest. This consent must inform clients about the implications of multiple representation, including any limitations on the agent's ability to advocate solely for one party's interests. It establishes an ethical baseline that must be met before the agent can lawfully proceed with the representation of multiple clients in the same transaction. While other options may represent various aspects of agency relationships, none provide the necessary legal framework and client protection that written consent does.

For multiple representation to be permissible, written consent from the clients is essential. This requirement ensures that all parties involved are fully aware of and agree to the arrangement where one agent represents more than one client in a transaction. Written consent serves to protect the interests of the clients and fosters transparency in the relationship, reducing the risk of potential conflicts of interest.

This consent must inform clients about the implications of multiple representation, including any limitations on the agent's ability to advocate solely for one party's interests. It establishes an ethical baseline that must be met before the agent can lawfully proceed with the representation of multiple clients in the same transaction.

While other options may represent various aspects of agency relationships, none provide the necessary legal framework and client protection that written consent does.