What must a broker obtain before proceeding with a limited representation?

In the context of limited representation in real estate transactions, a broker is required to obtain written consent from both parties involved in the transaction. This written consent serves as a formal acknowledgment by both parties that they understand and agree to the terms of the limited representation agreement.

The necessity for written consent is rooted in the desire to protect all parties' interests and ensure transparency in the real estate process. By securing this documentation, the broker also establishes a clear record of the agreement, which can help prevent misunderstandings or disputes later on.

Written consent provides a definitive form of authorization that is recognized in legal and regulatory frameworks, ensuring that the broker operates within the bounds of the law while delivering services to clients. This protocol fosters trust and professionalism in the broker-client relationship and aligns with ethical standards in real estate practice.