Agent Representing Both Parties. A real estate agent, either acting directly or through one or more associate licenses, can legally be the agent of both Parties in a transaction, but only with the knowledge and consent of the Parties. In a dual agency situation, the agent has the following affirmative obligations to both Parties: a. A fiduciary duty of utmost care, integrity, honesty and loyalty in the dealings with either Party.
Appears in 4 contracts
Samples: Exclusive Listing Agreement for Sublease of Real Property, Exclusive Right to Represent Agreement, Exclusive Right to Represent Buyer/Lessee for Purchase or Lease of Real Property
Agent Representing Both Parties. A real estate agent, either acting directly or through one or more associate licenseslicensees, can legally be the agent of both Parties in a transaction, but only with the knowledge and consent of the Parties. In a dual agency situation, the agent has the following affirmative obligations to both Parties: a. A fiduciary duty of utmost care, integrity, honesty and loyalty in the dealings with either Party.
Appears in 1 contract
