Common use of No Dual Agency Clause in Contracts

No Dual Agency. In general, real estate brokers or agents who represent the Eligible Borrower or the seller are prohibited from originating First Mortgage Loans in the same DALP transaction. MLOs are prohibited from having multiple sources of compensation, either directly or indirectly, from the same DALP transaction. Accordingly, Lender will not permit its MLOs to have multiple roles in the same DALP transaction. By way of example, an MLO may not represent an Eligible Borrower as a real estate broker or agent if such MLO is originating the First Mortgage Loan.

No Dual Agency. In general, real estate brokers or agents who represent the Eligible Borrower or the seller are prohibited from originating First Mortgage Loans in the same DALP BMR transaction. MLOs are prohibited from having multiple sources of compensation, either directly or indirectly, from the same DALP BMR transaction. Accordingly, Lender Xxxxxx will not permit its MLOs to have multiple roles in the same DALP BMR transaction. By way of example, an MLO may not represent an Eligible Borrower as a real estate broker or agent if such MLO is originating the First Mortgage Loan.

No Dual Agency. In general, real estate brokers or agents who represent the Eligible Borrower or the seller are prohibited from originating First Mortgage Loans in the same DALP transaction. MLOs are prohibited from having multiple sources of compensation, either directly or indirectly, from the same DALP transaction. Accordingly, Lender Xxxxxx will not permit its MLOs to have multiple roles in the same DALP transaction. By way of example, an MLO may not represent an Eligible Borrower as a real estate broker or agent if such MLO is originating the First Mortgage Loan.

No Dual Agency. In general, real estate brokers or agents who represent the Eligible Borrower or the seller are prohibited from originating First Mortgage Loans in the same DALP BMR transaction. MLOs are prohibited from having multiple sources of compensation, either directly or indirectly, from the same DALP BMR transaction. Accordingly, Lender will not permit its MLOs to have multiple roles in the same DALP BMR transaction. By way of example, an MLO may not represent an Eligible Borrower as a real estate broker or agent if such MLO is originating the First Mortgage Loan.