So as a dual agent you are no longer available to assist your buyers as their guardian angel.
Not exact matches
Pennsylvania federal court rules that real estate brokerage did not owe fiduciary duties to seller when acting
as a
dual agent and
so dismissed those claims against brokerage but allowed other claims made against brokerage to continue.
Both Horiike's
agent and the listing
agent worked for Coldwell Banker,
so the brokerage was the
dual agent of the buyer and seller,
as confirmed in the disclosure forms Horiike signed.
More subtle forms of
dual agency happen when, for example, a real estate
agent represents one client
as the listing
agent, finds a buyer for the home, and signs a listing agreement with the buyer to help her sell her home,
so she can buy the
agent's listing.
Looking at the facts, the court determined that the Broker did not act
as a
dual agent and
so did not breach her fiduciary duty to the Sellers.
When a licensee is acting
as a
dual agent, the licensee needs to disclose this fact to his / her client and failure to do
so is a breach of his / her fiduciary duty.
Therefore, the court concluded that the Broker did not act
as a
dual agent and
so didn't breach her fiduciary duty to her clients, entitling the Brokerage to its commission.