Dual agency means an agency relationship in which a
Dual agency means a situation in which a real estate brokerage firm, or itsthe real estate brokerage firm's licensees, owe a duty to more than one party in a real estate transaction. Dual agency is established only as follows:
Dual agency means a form of agency in which a real estate brokerage firm with two clients in the same transaction gives limited agency services.
Examples of Dual agency in a sentence
Therefore, agents and will be working for both the buyer and seller as “dual agents.” Dual agency is explained on the back of this form.
Dual agency is explained in the Commission's Guide to Agency Relationships.
Therefore, Affiliate Agent(s) and will be working for both the Buyer/Lessee and Seller/Lessor as “dual agents.” Dual agency is explained in the Kentucky Real Estate Commission's A Guide to Agency Relationships.
Dual agency is permitted if both the buyer and seller give their informed consent to it.
Dual agency requires the informed consent of all parties, and means that the broker and salesperson owe the same duties to the Seller and the Buyer.
More Definitions of Dual agency
Dual agency means an agency relationship in which a licensee is representing both buyer and seller or both landlord and tenant in the same transaction. When the agency relationship is a designated agency, the question of whether there is a dual agency shall be determined by the agency relationships of the designated agent of the parties and not of the sponsoring broker.
Dual agency means a situation in which a licensee owes a duty to more than one party to the real estate transaction. Dual agency is established as follows:
Dual agency means a form of agency whereby a real estate brokerage firm with two clients in the same transaction gives limited agency services and acts as a neutral mediator.
Dual agency means a situation in which a real estate brokerage firm or the real
Dual agency means a type of agency in which:
Dual agency means an agency relationship in which a licensee is working with both buyer and seller or both landlord and tenant in the same transaction. Such a relationship shall not constitute dual agency if the licensee is the seller of property that he/she owns or if the property is owned by a real estate business of which the licensee is the sole proprie- tor and agent. A dual agency relationship shall not be construed to exist in a circumstance in which the licensee is working with both landlord and tenant as to a lease that does not exceed a term of three years and the licensee is the landlord. Dual agency is allowed only when informed consent is presumed to have been given by any client who signed the dual agency disclosure form prescribed by the Louisiana Real Estate Commission. Specific du- ties owed to both buyer/seller and lessor/lessee are:
Dual agency is most likely to occur when a buyer represented by a buyer's agent wants to purchase a property listed by the agent's firm. A dual agent must carefully explain to each party that the agent and the agent's firm are also acting for the other party.