Sentences with phrase «dual agency exists»

A Dual Agency exists when a broker or agent represents both the buyer and the seller of a property.

Not exact matches

The dual - use rules come into force immediately, and agencies will have 90 days to report existing projects of dual - use risk to their parent agencies.

However, it was found that Dacas certainly did not rule out the possibility of dual contracts existing between a worker and the agency as well as the end user.

Buyer consumers need to be protected, but the existing system has failed buyers and sellers by allowing dual agency.

Your correct reasoning also sheds light on the reality that most Realtors can not be trusted to equitably / ethically conduct dual agency, because on any given day most Realtors are failures - in - waiting for whom the necessary qualities needed for success as laid bare within your editorial do not exist, but most important... they desperately need that double commission.

Two of the key recommendations: that regulators adopt Designated Agency and Transaction Brokerage (see Definitions on page 8) to help overcome problems with the existing dual agency relatioAgency and Transaction Brokerage (see Definitions on page 8) to help overcome problems with the existing dual agency relatioagency relationship.

Agents doing dual agency transactions should take special care to make clear all existing relationships that could be perceived as conflicts of interest.

Although «disclosure» of risks may be statutorily satisfied, conduct inconsistent with fiduciary duties is not exempted and presumptions of breach of duty still exist in a dual agency situation (brokers are still dual agents).

In - house commission splits, floor time and other significant financial consequences exist for the broker's agents who avoid dual agency.

One does not need to look far in order to find the anti-competitive, anti-consumer and deceptive schemes that exist which increase the frequency of dual agency at large firms.

For example, if a brokerage firm engages in conduct that increases the frequency of dual agency, the liability may exist for the undisclosed dual agency as well as self - dealing for intentionally manipulating the clients» risk in order to profit from a double commission.

The conflicts of limited dual agency continue to exist, however, if the same designated agents are acting on behalf of a seller and a buyer in relation to the same transaction, or acting on behalf of two buyers who are interested in buying the same property.