Consent to Act
The Consent to Act form is used when a Nevada real estate licensee represents both the buyer and the seller in the same transaction. This form is necessary for multiple representation situations to ensure that both parties are aware of and agree to the arrangement. Multiple representation creates a conflict of interest, so it is imperative that the licensee fully discloses their role and obtains written consent from both parties.
Using the Consent to Act form helps protect the licensee from potential legal issues and ensures transparency in the transaction. It outlines the limitations of multiple representation, such as the inability to provide undivided loyalty to both parties. By understanding and agreeing to these terms, clients can make informed decisions about their representation in a transaction.