Sentences with phrase «as a dual agent»

The potential purchaser and seller entered an agreement, with the listing broker acting as dual agent in the transaction.
The prospective buyers of a home sued the real estate licensee and brokerage firm who acted as dual agent in the transaction.
The court looked at the relationship between a real estate professional serving as a dual agent and his / her clients.
In the transaction, the mother and daughter licensees acted as dual agents for both parties.
Real estate agents who are less concerned about their wallet do not work as dual agents.
A real estate agent may act as a dual agent representing both the seller and buyer in a transaction but only with the express and informed consent of both the seller and buyer.
The appellate court concluded that the potential purchaser presented some evidence showing that the licensee may not have acted in the would - be purchaser's best interest as dual agent.
So as a dual agent you are no longer available to assist your buyers as their guardian angel.
The question for the court was whether the Brokerage's duties as a dual agent extended to the associate licensees.
Our home sat on the market for six months with one very low offer, where she served as dual agent.
The defendant real estate broker acted as dual agent for both parties in a real estate transaction.
The purchaser and seller agreed that the broker, through its associated licensees, would act as dual agent in the transaction for a luxury home.
When I list a property I explain to the seller that they are my clients and I will not work as a dual agent.
The licensee disclosed that he had previously represented the seller in buying that property, and he would act as dual agent in the transaction.
A California Supreme Court decision determined that a licensee associated with a brokerage firm serving as a dual agent owes a duty equivalent to that owed by the broker to clients.
Here, Broker CB acted as the dual agent of buyer and seller.
The main difference between today's role of the brokerage as a dual agent, and the proposed role of the brokerage as a transaction facilitator, is that this is the role of the brokerage that would be established from the outset, either when a listing is taken or a buyer agency agreement is signed.
Even if one of those other licensees has long before established an agency relationship with a buyer, if that buyer becomes interested in any of the brokerage's listings, both the seller and the buyer must first agree for their respective licensees and the brokerage to act as dual agents before the seller and buyer can begin negotiating the transaction while using the assistance of those two licensees.
Rather, NAR has advocated clarity in the states» requirements for «informed consent» to assure that those brokers electing to serve as dual agents know how to comply with the law.
Almost all states require disclosure of dual agency and often require that a buyer's rep (or his or her brokerage firm) only act as a dual agent with the written consent of all parties to the transaction.
Writing for the appeal court, Justice Gloria Epstein upheld the judgment against the sellers, but also made the real estate agent equally liable for «egregious lapses» during her representation of both purchaser and vendors as dual agent.
2) Every other Hallmark Agent who remains as always, legally obligated and Limited as Dual Agents on all Hallmark listings except Lind's.
Mr. McDonald served as dual agent for our home purchase; we found him to be balanced and fair.
Some car insurance agents represent one company with others work as dual agents.
For three decades, California real estate agents involved in residential real property transactions, including leasehold transactions with lease terms exceeding one year, have been required to disclose whether they are acting as a buyer / tenant agent exclusively, a seller / landlord agent exclusively, or as a dual agent representing both sides of a transaction.
California's highest court has affirmed a lower court ruling that a listing broker for a brokerage acting as a dual agent owes a buyer an equivalent duty as the brokerage.
Furthermore, the other claims could go forward because the potential purchaser presented some evidence showing that the licensee may not have acted in the would - be purchaser's best interest as dual agent.
The Montana Association of REALTORS ® filed an amicus curiae brief arguing that because the state's law permits licensees to act as dual agents of the buyer and the seller and «act solely in the best interests» of both parties, a buyer's representative should be able to represent two bidders in the same manner.
The Seller sold her home and the Broker served as a dual agent in the transaction.
Cynthia Curley («Buyer») made an offer to purchase the property, and Adams sent the Buyer a dual agency form asking her to acknowledge that Adams would serve as a dual agent in the transaction.
The Alabama Supreme Court has ruled that a salesperson who acted as a dual agent for both the buyers and sellers in a transaction had a fiduciary duty to make accurate statements to buyers when questioned about a property.
As dual agents, you both represent the buyer and the seller.
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 the other claims to continue.
The prospective purchaser and seller entered a purchase agreement, with the licensee acting as a dual agent.
In this decision, the California Supreme Court considered the duty owed by a listing broker to the buyer when the broker is acting as a dual agent.
«One of the advertising techniques that I have found my clients appreciate most is posting each property to Facebook once sold — either congratulating the seller (s) on their sale, buyer (s) on their purchase, or both if acting as a dual agent.
I've actually sold many listings from my opens over the years, either as dual agent or after a buyer and / or their representative viewed the property on open.
Grandchamp also sued Werth, as a dual agent, for breach of fiduciary duty.
Theoretically, if a problem arises, the real estate company (acting as dual agent or transaction broker) could try to distance itself from legal liability.
Review your brokerage company's policy to see if dual agency is permitted and exactly what actions you as a dual agent may not perform for each party.
Next, she must determine whether Sam Seller has agreed to let her act as a dual agent in the transaction and obtain his full, written consent to Rita's new role.
Real estate salesperson Mary Dean acted as a dual agent for the buyer and seller of a home listed with her company.
As a dual agent the buyer and seller are no longer your clients.
Rita I am wondering if it is a wise idea to attend the home inspections if you are acting as a dual agent or even in single agency.
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