Sentences with phrase «as a dual agent representing»

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.

Not exact matches

Some car insurance agents represent one company with others work as dual agents.

As dual agents, you both represent the buyer and the seller.

(2) The designation of one or more licensees as a designated agent does not constitute dual agency under this section unless the licensee designated as the designated agent represents the parties referred to in paragraph (a), (b), (c) or (d) of the definition of «dual agency» as clients in respect of a trade in real estate.

Designated agency does not constitute dual agency as long as the designated agent (s) represents only one party to the transaction.»

The licensee disclosed that he had previously represented the seller in buying that property, and he would act as dual agent in the transaction.

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.

Realtors should bear in mind as well that in Asia, dual agency — where one agent represents both buyer and seller — tends to be the rule rather than the exception.

And yet we ask consumers to allow us to represent them as Dual agents essentially meaning that we are offering clients a diminished level of services, and yet we as REALTORS expect to be paid our full commission.

A majority of states allow a real estate professional to represent both sides in the transaction as a «dual agent» if the clients consent to the relationship.

The downside risks if your landlord wants you to use the property manager to represent you as your «dual agent.»

Therefore, limited dual agency in designated agency occurs only when the same licensee or licensees have been designated as the designated agent to represent two different clients who have conflicting interests; e.g. who become interested in negotiating with respect to the same real estate.

If a property isn't listed in the MLS, critics say, the listing agent or brokerage is more likely to also represent the seller — a situation that's often defined by state law as «dual agency» representation.

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.

1] § 17 - 530 (d)(1)(v) Establishes that «An intra-company agent representing the seller or buyer may provide the same services to the client as an exclusive agent for the sell or buyer, including advising the clients to price and negotiations strategy, provided that the intra-company agent has made the appropriate disclosure to the client and the client has consented, as required by this section, to dual agency representation.»

79 DOS 99 Matter of DOS v. Pagano - disclosure of agency relationships; failure to appear at hearing; proper business practices; unauthorized practice of law; unearned commissions; vicarious liability; fraudulent practice; jurisdiction; ex parte hearing may proceed upon proof of proper service; DOS has jurisdiction after expiration of respondents» licenses as acts of misconduct occurred and the proceedings were commenced while the respondents were licensed; licensee fails to timely provide seller client with agency disclosure form prior to entering into listing agreement and fails to timely provide agency disclosure form to buyer upon first substantive contact; broker fails to make it clear for which party he is acting; broker violates 19 NYCRR 175.24 by using exclusive right to sell listing agreement without mandatory definitions of «exclusive right to sell» and «exclusive agency»; broker breaches fiduciary duties to seller clients by misleading them as to buyer's ability to financially consummate the transaction; broker breaches his fiduciary duty to seller by referring seller to the attorney who represented the buyers when he knew or should have known such attorney could not properly protect seller's interests; improper for broker to use listing agreements providing for broker to retain one half of any deposit if forfeited by buyer as such forfeiture clause could, by its terms, allow broker to retain part of the deposit when broker did not earn a commission; broker must conduct business under name as it appears on license; broker engaged in the unauthorized practice of law in preparing contracts for purchase and sale of real estate which did not contain a clause making it subject to the approval of the parties» attorneys and were not a form recommended by a joint bar / real estate board committee; broker demonstrated untrustworthiness and incompetency in using sales contract which purported to change the terms of the listing agreement to include a higher commission; broker demonstrated untrustworthiness and incompetency in using contracts of sale which were unclear, ambiguous, vague and incomplete; broker failed to amend purchase agreement to reflect amendment to increase deposit amount; broker demonstrated untrustworthiness in back - dating purchase agreements; broker demonstrated untrustworthiness in participating in scheme to have seller hold undisclosed second mortgage and to mislead first mortgagee about the purchaser's financial ability to purchase; broker demonstrated untrustworthiness by claiming unearned commission and filing affidavit of entitlement for unearned commission; DOS fails to establish by substantial evidence that respondent acted as undisclosed dual agent; corporate broker bound by the knowledge acquired by and is responsible for acts committed by its licensees within the actual or apparent scope of their authority; corporate and individual brokers» licenses revoked, no action taken on application for renewal until proof of payment of sum of $ 2,000.00 plus interests for deposits unlawfully retained

«The partnership with my brother is structured where he works exclusively for our buyers and I serve all of our sellers.We have made the decision not to act as dual agents in order to always be able to represent our client's best interest.

If an agent is a dual agent he / she can represent both parties but there are rules to what they can disclose to the parties and may not act in eithers interest but rather as an intermediary.

If you do not agree to your agent acting as a dual agent, you can ask that another agent in our company be assigned to represent you or you can seek representation from another brokerage.

As used in this section, the term «dual agent» means a broker who represents as a fiduciary both the prospective buyer and the prospective seller in a real estate transactioAs used in this section, the term «dual agent» means a broker who represents as a fiduciary both the prospective buyer and the prospective seller in a real estate transactioas a fiduciary both the prospective buyer and the prospective seller in a real estate transaction.

In the event that the same agent represents both the buyer and seller, that agent and RE / MAX Valley Real Estate will act as a dual agent but only if both parties agree.

If they purchase that house, the listing agent obviously represents the home seller, although the agent can also act as a «dual agent» for both buyer and seller.

If this occurs each agent will represent their own client, but RE / MAX Valley Real Estate and its managers will act as a dual agent.

First, take some time to review the resources suggested in the «For more information» section of this article, and make sure you fully understand your duties as a limited dual agent — and the risks of representing clients with competing interests.

Carolyne, I am very pleased to see that you as a professional Realtor do not believe in representing your clients a DUAL AGENT.

Myth # 3: If I choose to buy directly from a listing agent, that agent must become a dual agent and represent me as well.

Issue: When a broker acts as a dual agent, representing both buyer and seller in a real property transaction — does the salesperson acting under the broker have the same fiduciary duty to buyer and seller as the broker?

Another instance when a lower commission might be feasible is if one agent is representing both the buyer and the seller, a scenario known as «dual agency.»