Common use of Disclosed Dual Agency Clause in Contracts

Disclosed Dual Agency. In this type of relationship, one agent may represent both parties in a real estate transaction, 191 BUT ONLY IF BOTH PARTIES CONSENT. Disclosed dual agency is most likely to occur when both Buyer and Seller are 192 represented by the same agent. A dual agent may not disclose any confidential information that would place one party at an 193 advantage over the other party and may not disclose any of the following information without the informed consent of the party to 194 whom the information pertains: 1) that a buyer is willing to pay more than the price offered; 2) that a seller is willing to accept 195 less than the asking price; 3) motivating factors of either party for buying or selling; 4) that a party will agree to financing terms 196 other than those offered; 5) repairs or improvements Seller is willing to make as a condition of sale; and 6) or any concession 197 having an economic impact upon the transaction that either party is willing to make.

Disclosed Dual Agency. In this type of relationship, one agent may represent both parties in a real estate 176 transaction, 191 BUT ONLY IF BOTH PARTIES CONSENT. Disclosed dual agency is most likely to occur when both Buyer and 177 Seller are 192 represented by the same agent. A dual agent may not disclose any confidential information that would place one party 178 at an 193 advantage over the other party and may not disclose any of the following information without the informed consent of the 179 party to 194 whom the information pertains: 1) that a buyer is willing to pay more than the price offered; 2) that a seller is willing to 180 accept 195 less than the asking price; 3) motivating factors of either party for buying or selling; 4) that a party will agree to financing 181 terms 196 other than those offered; 5) repairs or improvements Seller is willing to make as a condition of sale; and 6) or any 182 concession 197 having an economic impact upon the transaction that either party is willing to make.