In the case of dual agency, what must a licensee ensure before proceeding with the transaction?

In the context of dual agency, the requirement for all parties to provide written consent is fundamental to maintaining transparency and ensuring that the interests of both the buyer and the seller are protected. When a licensee represents both parties in a real estate transaction, this arrangement can lead to potential conflicts of interest. Therefore, it is essential to have clear and documented consent from all involved parties. This written consent serves as legal protection for the licensee and helps to establish trust and clarity in the relationship between the licensee and the clients.

Without obtaining this written consent, the licensee risks violating fiduciary duties and could face legal repercussions for failing to disclose the nature of representation. This process not only adheres to Georgia real estate laws but also aligns with ethical practices in the industry, ensuring that both parties are fully informed and have agreed to the dual agency relationship knowingly. This is crucial for upholding the integrity of the transaction and preserving the licensee’s professional standards.