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.
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.
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.
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.
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.
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.