Consent to Limited Agency must be given by whom?

Consent to Limited Agency must be given voluntarily by both the seller and the buyer because a Limited Agency situation arises when a single broker represents both parties in a real estate transaction. This dual representation can create potential conflicts of interest, as the broker must balance the needs and interests of both the buyer and the seller. By requiring consent from both parties, the law ensures that all involved have a clear understanding of the broker's role and any limitations on the representation. It protects the rights of both the seller and buyer and ensures that they are aware of the implications of sharing representation. This collaborative consent is critical for maintaining transparency and trust in the real estate process.