Limited Dual Agency and Assigned Agency Sample Clauses

Limited Dual Agency and Assigned Agency. The parties have received, read and understands the Idaho Real Estate Commission's “Agency Disclosure Brochure.” The parties understand that Broker may provide agency representation to both Landlord and Tenant. The parties understand that, as an agent for both Tenant/client and Landlord/client, Broker will be a limited dual agent of each client and cannot advocate on behalf of one client over another, and cannot legally disclose to either client certain confidential client information concerning price negotiations, terms or factors motivating the Tenant/client to buy or the Landlord/client to sell without specific written permission of the client to whom the information pertains. The specific duties, obligations and limitations of a limited dual agent are contained in the Agency Disclosure Brochure as required by Section 54-2085, Idaho Code. The parties understand that a limited dual agent does not have a duty of undivided loyalty to either client. The parties further acknowledge that, to the extent Broker offers assigned agency as a type of agency representation, individual sales associates may be assigned to represent each client to act solely on behalf of the client consistent with applicable duties set forth in Section 54-2087, Idaho Code. In an assigned agency situation, the designated broker (the broker who supervises the sales associates) will remain a limited dual agent of the client and shall have the duty to supervise the assigned agents in the fulfillment of their duties to their respective clients, to refrain from advocating on behalf of any one client over another, and to refrain from disclosing or using, without permission, confidential information of any other client with whom the brokerage has an agency relationship. Both parties are represented in this transaction by separate brokers, and limited dual agency and assigned agency are not applicable in this transaction. Broker may act as a Limited Dual Agent and may, in Broker's discretion, assign individual agents to represent Seller and potential buyers of the Property. Broker may not act as a Limited Dual Agent. / / [Landlord's Initials] [Tenant's Initials]
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