What is a requirement for the consent to Limited Agency?

The requirement for consent to Limited Agency being that it must be given voluntarily by both parties is crucial because it ensures that all individuals involved are aware of and agree to the terms and limitations of the agency relationship. This voluntary agreement protects both parties by affirming their autonomy in making decisions, thereby preventing any claims of coercion or misunderstanding later on.

In a Limited Agency situation, it’s essential that both parties fully understand and willingly accept the nature of the agency relationship, including its restrictions and obligations. This mutual consent is foundational in establishing a fair and transparent working relationship.

Other options, while they may pertain to different aspects of agency relationships, do not reflect the core requirement regarding the voluntary nature of consent, which is key to the integrity of the agency agreement.