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Click ‘Get Form’ to open the DUAL AGENCY CONSENT AGREEMENT in the editor.
Begin by entering the property address, including street, city, state, and zip code. This information is crucial for identifying the property involved in the agreement.
Fill in the names of the Seller(s) or Landlord(s) and Buyer(s) or Tenant(s). Ensure that all parties are accurately represented to avoid any confusion.
In section (1), check all applicable agreements that this addendum pertains to, such as Listing Agreement or Sales Agreement. Include the dates of these agreements for clarity.
Review sections (2) and (3) carefully. These outline the dual representation and confidentiality terms. Make sure both parties understand and agree to these conditions.
Sign and date where indicated at the bottom of the form. Each party must provide their signature to validate the agreement.

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What does dual agency agreement mean?

Dual agency occurs when a real estate agent works on behalf of both the home buyer and seller.

What is an example of a dual agency?

A dual agency is a situation where one agent represents both buyer and seller in a real estate transaction. This agent, of course, works for only one broker. An equivalent in law would be a divorce lawyer representing both members of a couple during the proceedings.

What is dual agency consent?

At times, real estate agents represent both the buyer and the seller on a transaction, often reducing their commission to each to do so. This is allowable and is termed dual agency but is only allowed if all parties make informed and full consent prior to the dual agency being created.

Is dual agency ever a good idea?

A dual agency arrangement is only supposed to be permissible if all parties involved are informed and consent to the dual agents role. Sellers consent by signing a standard disclosure form that comes attached to the listing agreement.

How do parties legally agree to a dual agency?

Informed Consent Both parties involved in a dual agency transaction must provide their informed written consent for the arrangement to proceed. Without this consent, an agent cannot represent both sides.

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