Disclosed Dual Agent definition

Disclosed Dual Agent means that agent representing both parties to a real estate transaction with the informed consent of both parties, with written understanding of specific duties and representation to be afforded each party. There may be situations where disclosed dual agency presents conflicts of interest that cannot be resolved without breach of duty to one party or another. Brokers who practice disclosed dual agency should do so with the utmost caution to protect consumers and themselves from inadvertent violation of demanding common law standards of disclosed dual agency.
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Disclosed Dual Agent. (Missouri properties only). Broker, Listing and Selling licensees are all acting as agents for both Buyer/Tenant and Seller/ Landlord. (Note: A separate disclosure form is required.) Payment of Commission. Seller’s and/or Buyer’s (including Designated) Agent(s) indicated above will be paid a commission on the closing of the sale of the property, as set forth herein. Seller to pay all Agents. Sellers and/or Buyers Agent(s) will be paid from the Seller’s funds at closing according to the terms of the Listing or other Commission Agreement. Buyer to pay Buyer’s Agent. Seller’s Agent, if any, will be paid from the Seller’s funds at closing according to the terms of the Listing Agreement. Buyer’s Agent will be paid from the Buyer’s funds according to the terms of the Buyer agency Agreement.
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Disclosed Dual Agent means that agent representing both parties to a real estate transaction with the informed consent of both parties, with written understanding of specific duties and representation to be afforded each party. There may be situations where disclosed dual agency presents conflicts of interest that cannot be resolved without
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Examples of Disclosed Dual Agent in a sentence

  • Kreps, SalespersonERA Real Estate Professionals, Brokerage FirmMadison County An investigation by the Real Estate Commission resulting from a formal complaint found Respondent Kreps acted as a Disclosed Dual Agent in a transaction, and failed to properly represent the buyers.

  • A Disclosed Dual Agent is a licensee who, with the informed written consent of the Seller and Buyer, is engaged as an agent for both Seller and Buyer.As a disclosed dual agent, the licensee shall not represent the interests of one party to the exclusion or detriment of the interests of the other party.

  • Designated Agent for the Buyer.Disclosed Dual Agent (for both parties), Disclosed Dual Agent (for both parties),with the consent of both the Buyer and the Seller with the consent of both the Buyer and the Seller in this transaction.

  • A Disclosed Dual Agent is a licensee who, with the informed written consent of the Seller and Buyer, is engaged as an agent for both Seller and Buyer.

  • I, (Name Of Licensee) As An Authorized Representative Of (Name Of Firm), Intend, As Of This Time, To Work With You As A: (Indicate One) Seller's/Landlord's (Circle One) Agent Only Seller's/Landlord's (Circle One) Agent And Disclosed Dual Agent If The Opportunity Arises Seller's/Landlord's (Circle One) Agent On Properties On Which This Firm Is Acting As The Seller's Agent And Transaction Broker On Other Properties.

  • Disclosed Dual Agent relationship is given only when the Informed Consent to Dual Agency is signed by the Buyer.

  • As a Disclosed Dual Agent, the licensee shall not represent the interests of one party to the exclusion or detriment of the interests of the other party.

  • In previous final actions, the EPA issued designations for the 2010 SO2 NAAQS for selected areas of the country.16 No part of DC was designated in these previous final actions.

  • Disclosed Dual Agent (for both parties), with the consent of both the Buyer and the Seller in this transaction.

  • Xxxxx’s Agent, when acting as a Disclosed Dual Agent, will not be able to put either the seller’s interest ahead of the Buyer’s nor vise-versa.


More Definitions of Disclosed Dual Agent

Disclosed Dual Agent means a brokerage firm, including
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Disclosed Dual Agent. A disclosed dual agent is a licensee who, with the informed written consent of Lessor and Lessee, is engaged as an agent for both Lessor and Lessee. As a disclosed dual agent, the licensee shall not represent the interests of one party to the exclusion or detriment of the interests of the other party. A disclosed dual agent has all the fiduciary duties to the Lessor and Lessee that a Lessor's or Lessee's agent has except the duties of full disclosure and undivided loyalty. A disclosed dual agent may not disclose: (a) To the Lessee that the Lessor will accept less than the asking or listed price, unless otherwise instructed in writing by the Lessor, (b) To the Lessor that the Lessee will pay a price greater than the price submitted in a written offer to the Lessor, unless otherwise instructed in writing by the Lessee: (c) The motivation of any party for selling, buying, or leasing a property, unless otherwise instructed in writing by the respective party; or (d) That a Lessor or Lessee will agree to financing terms other than those offered, unless otherwise instructed in writing by the respective party.
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Disclosed Dual Agent means a broker who works as an agent for both the buyer and seller. The broker must obtain the informed consent in writing
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Related to Disclosed Dual Agent

  • Dual agent means a licensee who has entered into an agency relationship with both the buyer and seller in the same transaction.

  • Disclosed Information means the information disclosed by a Party for the purpose of settlement, negotiation, Mediation or Arbitration;

  • Representative of a prospective contractor means an officer or director of a corporation, a member or manager of a limited liability corporation, a partner of a partnership or a trustee of a trust of the prospective contractor.

  • Disclosed means fairly disclosed in the Disclosure Letter or this Agreement. For these purposes, “fairly disclosed” in relation to any fact, matter or circumstance shall be where the disclosure contains sufficient information to enable a reasonable assessment to be made regarding that fact, matter or circumstance and its import or likely import;

  • Related Persons means, with respect to any Person, each Affiliate of such Person and each director, officer, employee, agent, trustee, representative, attorney, accountant and each insurance, environmental, legal, financial and other advisor (including those retained in connection with the satisfaction or attempted satisfaction of any condition set forth in Article II) and other consultants and agents of or to such Person or any of its Affiliates.

  • Designated Person means a person or entity:

  • E-Auction Process Information Document means this document including all the appendices hereto, for the purposes of setting out the process for submission of a bid and selection of Successful Bid in accordance with the provisions of the IBC and shall include all supplements, modifications, amendments, alterations or clarifications thereto issued in accordance with the terms hereof.