agency

Consent to Act (Form 524) and Assigned Agency

When one Nevada licensee represents more than one party in a transaction, NRS 645.252(1)(d) requires written consent from each party before acting, on the Division's Form 524, 'Consent to Act'. It confirms the licensee owes both parties the same duties. By contrast, in assigned agency the broker assigns two different licensees in one brokerage, one per party; no Consent to Act is needed, but each licensee may disclose the client's confidential information only to the broker.