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Can the buyer and seller have the same agent?

Dual agent \u2013 A real estate agent may act as a double agent representing both the buyer and the seller in a real estate transaction but only with both parties' express consent. A dual agent shall be neutral concerning any conflicting interests of the seller and buyer.

Why is dual agency problematic?

The biggest problem with dual agency is this: a dual agent cannot \u2014 by definition and sometimes by state law \u2014 represent your best interests. The person is more of a referee than an agent. For example: if you're a buyer, you may want your agent to advise you on what price to offer for a home.

Is dual agency unethical?

Is dual agency ethical? Dual agency is illegal in every fiduciary profession other than real estate (state laws allowing) because of the risks it creates. Therefore many folks outside and within the real estate industry view it as unethical.

What is advance informed consent dual agency?

Advance consent to dual agency means written informed consent signed by the seller/landlord or buyer/tenant that the listing agent and/or buyer's agent may act as a dual agent for that seller/landlord and a buyer/tenant for residential real property which is the subject of a listing agreement.

Is it ethical to act as a dual agent?

Dual agency is illegal in every fiduciary profession other than real estate (state laws allowing) because of the risks it creates. Therefore many folks outside and within the real estate industry view it as unethical.

dual agency consent agreement

consent for dual agency maryland which statement is not true regarding dual agency? which fiduciary duty is impossible with dual agency? agency consent agreement ky a written agency disclosure must be supplied by an agent: maryland buyer agency agreement which of the following is not an example of legal dual agency in maryland? mrec agency disclosure form

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Is it ethical for a realtor to represent buyer and seller?

Yes, that's allowed. The situation you're referring to is called transaction brokerage. Transaction brokerage is a service option when your real estate professional represents a buyer client interested in purchasing the property in which you are the seller client.

Is it unethical for a Realtor to represent both buyer and seller?

Yes, that's allowed. The situation you're referring to is called transaction brokerage. Transaction brokerage is a service option when your real estate professional represents a buyer client interested in purchasing the property in which you are the seller client.

Who benefits most from dual agency?

The seller typically pays both agents' commissions, so the seller is the one who can directly save money in this situation. But when the seller's costs are lower, they may be willing to accept a lower price from the buyer. The seller, buyer and agent could all benefit from the arrangement.

What does it mean to agree dual agency?

In a dual agency situation, the buyer and seller work with a single agent representing them both, instead of separate agents. Dual agency commonly occurs when the buyer and seller use the same brokerage.

What is a dual agency relationship?

Dual agency occurs when a real estate agent works on behalf of both the home buyer and seller. In most real estate transactions, it is much more common to have separate agents represent each party, as this helps avoid the conflict of interest that can happen when an agent negotiates for both sides.

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