Ace the Arkansas Real Estate Test 2025 – Unlock Your Property Pro Potential!

Question: 1 / 400

What must happen before the execution of the agency contract in a dual agency situation?

Verbal consent from all parties

Written consent from all parties

Before execution of an agency contract in a dual agency situation, written consent from all parties must be obtained. This is to ensure that all parties are fully aware and have agreed to the terms and conditions of the agency contract. Verbal consent may not hold up in court, and therefore written consent is necessary for legal protection. Approval from the Director and notification to the Commission may be required, but they are not prerequisites for the execution of the agency contract.

Get further explanation with Examzify DeepDiveBeta

Approval from the Director

Notification to the Commission

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy