Leasing License Practice Exam

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Prepare for the Leasing License Test using our comprehensive flashcards and multiple-choice questions. Each question includes hints and explanations to enhance your learning experience. Excel in your examination!

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What form is required when an agent represents both the landlord and the tenant?

Form 350
Form 349
Form 335
Form 360

The correct answer is: Form 335

When an agent represents both the landlord and the tenant, it is essential to have a written agreement that outlines the dual agency. This is crucial for maintaining transparency and ensuring that both parties are aware of the agent's role and potential conflicts of interest. Form 335 serves this purpose, as it is specifically designed to disclose dual agency relationships in real estate transactions. By using this form, the agent can provide all necessary information to both the landlord and the tenant, making it clear what to expect from the representation. The other forms mentioned do not cover the specific requirements for dual agency disclosures, which is why they would not be suitable in this context. Having the correct form helps protect all parties involved, ensuring that the agent operates within legal and ethical boundaries while facilitating the leasing process.