a situation where one agent represents both sides with consent of all parties. The most common dual agency in real estate is escrow.
A brokerage enters into a transaction representing the buyer and seller or two buyers. Dual agency must be acknowledge in writing.
An agency relationship in which the agent acts concurrently for both of the principals in a transaction.
A situation where the agent for the buyer and the agent for the seller work within the same agency.
Where one designated agent is the agent for both buyer and seller or landlord and tenant in the same transaction. This is not allowed without substantial written disclosure as to the limited role of the agent and informed consent in writing signed by both buyer and seller or landlord and tenant.
When an agent represents both parties in a transaction, with both partiesâ€(tm) knowledge and permission.
An agency relationship where one agent/broker represents both the buyer and seller in a transaction. Inherently problematic and illegal in many states. Legal in Georgia but be careful! See my Buyer's page for more.
When a person acts as agent for opposing principals (buyers and seller) at the same time. Also known as Intermediary.
A real estate agency that represents both the seller and buyer in a transaction
An agency relationship in which the agent acts concurrently for both principals in a real estate transaction.
If a broker represents both owner and buyer.
The representation of opposing principals (buyers and seller) at the same time.
The real estate company serving as agent for both the buyer and seller in the same transaction.
An agency relationship in which the broker owes fiduciary duties to both the seller and the buyer.
Representation of opposing parties (buyer and seller) at the same time in the same transaction. This situation most often refers to cases where the Realtor is the agent for both parties.
Agency created when the broker represents both the buyer and the seller for the same transaction.
Occurs when the same agent has an agency relationship with more than one party to the same real estate transaction. The agent must advise the vendor and the purchaser of the dual aspect of representation and must provide full and timely disclosure to all parties of all pertinent information.
The representation of opposing parties (buyers and sellers) at the same time.
A situation where one broker represents both the buyer and seller in a purchase. Although there may be two separate agents involved, both act on behalf of the same broker. In order to have dual agency representation, both parties must be made aware of and agree to the relationship.
Representing both principals (buyer and seller) to a transaction.
A breach of agency rules which must be disclosed to the parties. Where one agent (often a real estate broker or agent) represents both sides in a contract (i.e. the Vendor and the Purchaser) such that the agent has a conflict of interest.
An agency relationship in which an agent acts for two different principals.
It may be on a particular transaction involving real estate that both the seller and buyer are represented by the same firm or broker (sometimes even by the same sales representative). This is known as Dual Agency. While legally possible, the Canadian Real Estate Association has traditionally discouraged this practice. In Dual Agency, there is effectively only one agent, or firm, in a situation where there are two principals. In this case, duties to principals can become conflicting, given that one agent is acting for more then one principal. [] Easement A right given by a landowner to a third party to make use of the land in a specific way. There may he several easements on your property, including for passage of utility lines or poles, sewer or water mains, and even a driveway. Once the right is given, it runs with the property and continues indefinitely, or until released by the party who received it.
In this situation, both the seller and buyer in a transaction are represented by the same legal agent. Thus, fiduciary duties are owed to both parties. The law states that this is not legally possible without the consent of the buyer and seller. If your consent is secured to allow this type of situation, the role of the sales associate will be somewhat limited, and the buyer and seller will act at times on their own behalf in negotiations for the sale or purchase of the property.
Limited agency in which a real estate agent represents the buyer and the seller.
A business relationship where the licensee, with written agreement from both parties, works for both the seller and the buyer in the same transaction. Dual agency will limit some of the duties owed to both parties. Dual agents cannot take any action that is adverse or detrimental to either the buyer or the seller in the transaction. For more details, see the explanation given in the Consumer Notice.
The right for a agency or agaent to represent both parties (with a limited role) in a legal transaction.
An agent who represents both the buyer and seller. This relationship requires written consent by both parties.
This situation arises when an agent acts for both the buyer and seller creating a conflict of interests.
A relationship in which a real estate agent or broker represents both parties in a transaction.
An agent representing two principals in one transaction. Dual agency is legal in Wisconsin only with informed written consent of both parties to the transaction.
Representing both parties in a transaction. In virtually all states, it is unethical and illegal for a broker to represent both buyer and seller in a real estate transaction without written consent of both.
Representing both the buyer and the seller in the same real estate transaction. By law, all states require that dual agency be disclosed to all parties in the transaction. back to the top
A situation where the real estate broker represents both the buyer and the seller. Although most states requires the broker to disclose to them whom they are representing it presents a conflict of interest for the broker in the transaction. Deposit made on a contract: It can be in the form of cash or a note and is part of consideration on a binding contract.
The representation of both the buyer and seller by the same agency at the same time. Full disclosures are required.
Representation of both parties by the same real estate agent or broker.
Representing both parties to a transaction. This is unethical unless both parties agree to it, and it is illegal in many states.
Representing the buyer and the seller in the same transaction by the same agent. Since there is an inherent conflict in fiduciary obligations to two different principals, dual agency, at best, is a risky undertaking. TRELA requires that all parties to a dual agency have full knowledge and consent (Disclosed Dual Agency). Contrast with intermediary.
Some states permit a real estate licensee to potentially act as a dual agent, that is, to represent more than one party to the transaction. Written disclosure and informed consent by the parties involved is required by law.
Some states permit a real estate licensee to potentially act as a dual agent, that is, represent more than one party to the transaction. A licensee may legally act as a dual agent with the written disclosure and informed consent of a consumer in form required by law.
Representation of opposing parties in a transaction (e.g. when a realtor is the agent for both buyer and seller); requires consent of both parties to be allowed, and is illegal in some US states
A dual agency is created when an agent is acting for more than one principal in a real estate transaction; i.e., the buyer and the seller. Dual Agency must be disclosed to both parties.