Leasing License Practice Exam

Which form would be used for disclosing dual agency?

1. Form 350

2. Form 335

3. Form 349

4. Form 300

The correct answer is: Form 335

The appropriate form for disclosing dual agency in real estate transactions is Form 335. This form is specifically designed to inform all parties involved that the agent is representing both the buyer and the seller, thereby creating a dual agency situation. It addresses the potential conflicts of interest that may arise from representing both sides simultaneously and ensures that all parties are aware of the agent's dual role. Using this specific form is important for maintaining transparency and protecting the interests of all parties in the transaction. It allows clients to make informed decisions and acknowledges their understanding of the dual agency relationship, which is essential for legal and ethical compliance in real estate practices. Other forms mentioned do not serve this particular purpose, as they might relate to different aspects of real estate transactions or provide other disclosures unrelated to dual agency. This distinction highlights why Form 335 is the correct choice for disclosing dual agency.