Common use of AS AGENT FOR BOTH - INTERMEDIARY Clause in Contracts

AS AGENT FOR BOTH - INTERMEDIARY. To act as an intermediary between the par�es the broker must rst obtain the wri�en agreement of each party to the transac�on. The wri�en agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obliga�ons as an intermediary. A broker who acts as an intermediary: • Must treat all par�es to the transac�on impar�ally and fairly; • May, with the par�es' wri�en consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instruc�ons of each party to the transac�on. • Must not, unless specically authorized in wri�ng to do so by the party, disclose: ᴑ that the owner will accept a price less than the wri�en asking price; ᴑ that the buyer/tenant will pay a price greater than the price submi�ed in a wri�en offer; and ᴑ any conden�al informa�on or any other informa�on that a party specically instructs the broker in wri�ng not to disclose, unless required to do so by law. • The broker’s du�es and responsibili�es to you, and your obliga�ons under the representa�on agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

AS AGENT FOR BOTH - INTERMEDIARY. To act as an intermediary between the par�es the broker must rst first obtain the wri�en agreement of each party to the transac�on. The wri�en agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obliga�ons as an intermediary. A broker who acts as an intermediary: • Must treat all par�es to the transac�on impar�ally and fairly; • May, with the par�es' wri�en consent, appoint a different license holder associated with the broker to each party (owner and buyerxxxxxxxx) to communicate with, provide opinions and advice to, and carry out the instruc�ons instructoons of each party to the transac�on. • Must not, unless specically specifically authorized in wri�ng to do so by the party, disclose: ᴑ that the owner will accept a price less than the wri�en wriƩen asking price; ᴑ that the buyer/tenant will pay a price greater than the price submi�ed in a wri�en offer; and ᴑ any condenconfiden�al informa�on or any other informa�on that a party specically specifically instructs the broker in wri�ng not to disclose, unless required to do so by lawlaw A license holder acts as a subagent when aiding a buyer in a transac�on without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. • The broker’s dudu �es and responsibili�es to you, and your obliga�ons under the representa�on agreement. • Who will pay the broker for services provided prov ided to you, when payment will be made and how the payment will be calculated.