What must a real estate broker in Indiana disclose to clients before entering into a dual agency?

In Indiana, real estate brokers are required to disclose potential conflicts of interest to clients prior to entering into a dual agency relationship. Dual agency occurs when a broker represents both the buyer and the seller in a transaction. This arrangement can inherently create conflicts, as the broker has a duty to serve both parties’ interests. Transparency about these potential conflicts is vital, allowing clients to understand the implications of the broker's dual representation. This disclosure helps clients make informed decisions, ensuring they are aware of how the broker's responsibilities may be divided and the potential limitations on the broker's ability to advocate fully for either party.

The other options, while they may contain important information that a broker should discuss with clients, do not specifically address the critical aspect of dual agency. Brokerage fees, contract length, and property history are relevant in other contexts, but they do not pertain directly to the obligations and implications surrounding conflicts of interest in a dual agency situation. Understanding these nuances is essential for ensuring ethical practices and maintaining trust in client-broker relationships.