Question 86

A licensee must first secure an Informed Consent to Dual Agency before showing a company listing to a buyer client.

Securing Informed Consent to Dual Agency is essential at the outset of the relationship, particularly before any showing of a company listing to a buyer client. This ensures that all parties are aware of the dual agency relationship and the implications it entails.

A) Before the buyer makes an offer and the seller accepts.

This option is incorrect because while it is important to have consent before an offer is made, the licensee must first secure consent before showing the property. Without the initial consent during the showing, the licensee cannot adequately represent both parties.

B) Before showing a company listing to a buyer client.

This option is correct as it emphasizes the necessity of obtaining Informed Consent to Dual Agency prior to any interaction that involves showing the property. This step is crucial for transparency and ethical representation in real estate transactions.

C) In the contract of sale.

This option is incorrect because obtaining Informed Consent should occur prior to the contract of sale, specifically at the time of showing the property. Waiting until the contract phase does not provide the necessary disclosure at the critical juncture of showing.

D) At the time of closing.

This option is incorrect since consent cannot be secured at the closing stage. By that point, the parties are already engaged in the transaction, and proper consent should have been established much earlier in the process.

Conclusion

Option B is definitively correct as it aligns with the requirement for obtaining Informed Consent to Dual Agency before showing a property. All other options fail to recognize the importance of securing consent at the appropriate stage of the transaction, which is vital for maintaining ethical standards in real estate practices.