Sentences with phrase «as dual agent for»

Mr. McDonald served as dual agent for our home purchase; we found him to be balanced and fair.

Can I continue to act as a dual agent for these clients after Rule 5 - 16 comes into effect on June 15, 2018?

Can I continue to act as a dual agent for these clients after Rule 5 - 16 comes into effect?

The defendant real estate broker acted as dual agent for both parties in a real estate 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.

In the transaction, the mother and daughter licensees acted as dual agents for both parties.

Not exact matches

The best evidence for the treatment of centralized pain conditions include centrally acting agents like dual uptake inhibitors, and anticonvulsants, as well as exercise and cognitive behavioral therapy, authors write.

Lawrence, the director, conjures compelling evidence for Dominika's dual allegiances — her growing relationship with the American agent feels convincing, but the punishingly brutal regime of Charlotte Rampling's stern matron throws doubt into the mix as Lawrence, the actor, is put through the wringer.

There's also a fairly needless subplot involving a TSA agent, played by LilRel Howery, who dual - functions as an exposition delivery system and a tension - breaking comic - relief sidekick; it's the only part of the movie that betrays Peele's sketch - comedy roots, plainly visible in his script for last year's Keanu.

Dual agent settled for $ 275,000, which was confirmed as a good faith settlement.

The purchaser and seller agreed that the broker, through its associated licensees, would act as dual agent in the transaction for a luxury home.

My greatest concern would be for the liability of the dual agent (in the same office as the listing agent) deemed to have the knowledge and, in dual agency jurisdictions, unable to act under the umbrella of a transaction brokerage as a designated agent.

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.

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.

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.

The ATF considered designated agency to be a positive alternative to in - house dual agency when there is a licensee acting as sole agent for the seller, another licensee engaged by the same brokerage who is acting as sole agent for a buyer, and the buyer becomes interested in the property offered for sale by the seller.

The brokerage would not start out, as it does today, as the sole agent for one of the parties, with every licensee engaged by the brokerage taking on the same status, and then have to strip away many of its agency obligations (and simultaneously stop being able to provide the agency services it initially offered) to become an impartial dual agent in an «in - house» transaction.

In this scenario it is assumed that the rebate back to the buyer will be 2.5 % of the purchase price (50 % of the total commission) upon closing, leaving the brokerage with a net 2.5 % of the purchase price for its role as a dual agent.

The court held that a broker's actions and words to a prospective purchaser may be sufficient to establish an agency relationship, and that a broker acting as an undisclosed dual agent may be held liable for breach of fiduciary duties and unfair dealing.

The question for the court was whether the Brokerage's duties as a dual agent extended to the associate licensees.

Alabama's highest court has considered whether a real estate broker serving as disclosed dual agent could be liable to buyers for alleged misstatements made to the buyers about the property's presence in a flood plain even when the buyers were given a survey at closing which showed that the property was in the flood plain.

In an unreported decision, a California appellate court reversed an award made in favor of the former property owner because it determined that a commercial real estate broker was not responsible for property sale not closing, despite the fact the broker erroneously valued the property and also acted as an undisclosed dual agent.

In other words, licensees acting for a buyer or as a limited dual agent will be receiving remuneration from the seller and not from their buyer client.

For licensees providing trading services, if they are acting either as a buyer's agent or as a limited dual agent, they will likely be receiving remuneration from someone other than their buyer client as a result of providing the real estate services.

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.

As a dual agent, the licensee works for both the seller / landlord and the buyer / tenant.

Our home sat on the market for six months with one very low offer, where she served as dual agent.

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.»

any potential for listing brokers to act as disclosed dual agents, e.g. buyer / tenant agents.

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.

Roger Yost («Salesperson») was the real estate professional who acted as a disclosed dual agent for both parties in the transaction.

Licensee acting as dual agent could be liable for failing to act in the best interest of the potential purchaser.

any potential for the buyer / tenant representative to act as a disclosed dual agent, e.g. listing broker, subagent, landlord's agent, etc., and

An important point for brokerages and their related licensees to keep in mind is that their clients must agree to the limitations placed on a licensee's usual duties before the licensee acts as a limited dual agent.

It is not necessary for a licensee to act as a limited dual agent in order for the licensee to receive the full commission payable.

In cases where a licensee is acting as a limited dual agent in a situation other than for a buyer and a seller, the limitations with respect to disclosure by the licensee will change.

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.

Until you have your client's consent to act as a limited dual agent, you should not do anything for the unrepresented buyer that will give the impression that you are acting as their agent — such as giving advice.

When acting as a limited dual agent for a buyer and a seller, the licensee's duty of full disclosure is modified to allow the licensee to keep information in three areas confidential:

Felix, however, is already a designated agent for both the seller and the buyers, has received the consent of the two parties to act as a dual agent, and must treat them impartially.

As a dual agent the brokerage and its managers will maintain a neutral position and can not advocate for the position of one client over another.

If the seller has agreed that you can act as a limited dual agent for both them and the buyers, you must take a neutral position.

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.

Felix, however, is a designated agent for both the seller and the buyers, has received the consent of the two parties to act as a dual agent, and must treat them impartially.

the listing licensee should be aware that if acting as a limited dual agent for both the buyer who wishes to present a referential offer and the seller, the usual principles of dual agency apply and the licensee should ensure that both parties understand the limitations of the licensee acting as a dual agent.

If a brokerage acts for both the landlord and the tenant, particularly in the arranging of commercial leases, the brokerage may wish to act as a limited dual agent.

I would add: when I act for the Buyer I don't do it as a dual agent....

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.