Arkansas Real Estate Practice Exam

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What is a prerequisite for a dual agency representation to be valid?

Announcement in local newspapers
Public posting on the Commission's website
Written consent from all parties involved
A directive from the Commission

The correct answer is: Written consent from all parties involved

A prerequisite is defined as something that must happen or be done before something else can happen. In this case, a written consent from all parties involved is necessary before a dual agency representation can be considered valid. This option ensures that all parties are aware and agree to the dual agency situation, whereas the other options do not guarantee this. Announcing in newspapers or posting on the Commission's website may not reach all parties involved, and a directive from the Commission does not necessarily require the consent of all parties. Therefore, written consent from all parties involved is the most appropriate and necessary prerequisite for a valid dual agency representation.