Dual agent: A state - licensed individual who represents the seller and
the buyer in a single transaction.
Not exact matches
The group's report suggested prohibiting a
single agent from representing both
buyers and sellers
in a
single transaction, having any profits received from misconduct returned to the client, and creating a confidential whistleblower hotline.
In over 300
transactions under
Buyer Agency Contracts I have reviewed not a
single Buyer claimed to want their agent to be rewarded for negotiating a higher price.
The recently released 2001 NAR Member Profile shows that more than 80 percent of REALTORS ® represent
buyers in at least some
transactions: 51 percent use disclosed dual agency for
in - house
transactions, 25 percent practice
single agency (representing either a
buyer or a seller, but not both,
in a
transaction), and 5 percent practice exclusive
buyer agency.
Existing - home sales1, which are completed
transactions that include
single - family, townhomes, condominiums and co-ops, fell 3.8 percent to a seasonally adjusted annual rate of 4.81 million
in May from a downwardly revised 5.00 million
in April, and are 15.3 percent below a 5.68 million pace
in May 2010 when sales were surging to beat the deadline for the home
buyer tax credit.
First - time and
single women homebuyers have resurfaced
in the real estate market, contributing to a significant share of
transactions in a year marked by full - steam - ahead sales, according to the National Association of REALTORS ® (NAR) 2016 Profile of Home
Buyers and Sellers survey.
Dual agency also applies to a
single agent who represents both the
buyer and the seller
in a short sale
transaction.
When the brokerage firm represents only one client
in the same
transaction (the seller or the
buyer), it is called
single agency.
Once the new Rules take effect on June 15, 2018, can my office, through designated agency, act for a
buyer and seller
in a
single transaction?
This is why a designated agency brokerage can represent a
buyer and a seller
in a
single transaction with full agency representation to both parties.
Single Agency - The practice of representing either the
buyer or the seller, but not both
in the same
transaction.
If the
buyer client were to decide to offer on the seller client's property, the concurrent representation of two opposing parties
in a
single transaction would create an inherent conflict of interest, based on the principles of common law.
This is why a common - law brokerage that represents a
buyer and a seller
in a
single transaction must limit their duties to each party, employing
transaction brokerage or treating one party as a customer.
If a multiple representation situations arises, you will refer the
buyer to another broker and continue to represent only me
in my
transaction (called
Single Agency).
This is how a designated agency brokerage can represent a
buyer and a seller
in a
single transaction with full agency representation to both parties, when both parties have different designated agents.
«
Transaction broker» means a broker who provides limited representation to a buyer, a seller, or both, in a real estate transaction, but does not represent either in a fiduciary capacity or as a si
Transaction broker» means a broker who provides limited representation to a
buyer, a seller, or both,
in a real estate
transaction, but does not represent either in a fiduciary capacity or as a si
transaction, but does not represent either
in a fiduciary capacity or as a
single agent.
«
Single agent» means a broker who represents, as a fiduciary, either the
buyer or seller but not both
in the same
transaction.
only work for either the
buyer or the seller
in a
single real estate
transaction.
73 DOS 95 Matter of DOS v. Marotta - consolidation of actions; dual agency; disgorgement of broker commission; broker may act concurrently
in a
single transaction as an agent and a principal with informed consent of and full disclosure to principal; broker's agreement breached by broker where broker obtained property incompatible with client's stated needs; no broker's fee earned where brokerage agreement breached by broker; broker engaging
in business under trade name acts as individual; agency created between broker and
buyer by conduct of parties; dual agency allowed upon full disclosure and informed consent of both
buyer and seller; no commission earned by broker where breach of fiduciary duty; refund unearned commissions
Total existing - home sales1, which are completed
transactions that include
single - family, townhomes, condominiums and co-ops, declined 0.8 percent to a seasonally adjusted annual rate of 4.77 million
in June from 4.81 million
in May, and remain 8.8 percent below the 5.23 million unit level
in June 2010, which was the scheduled closing deadline for the home
buyer tax credit.
A
Single Agent is defined as a broker who represents either the
buyer or seller of real estate, but not both
in the same
transaction.
A real estate licensee
in this state may enter into a brokerage relationship as either a
transaction broker or as a
single agent with potential
buyers and sellers.
Single Agent A broker who works for just one party - client
in a real estate
transaction — the
buyer or the seller, the landlord or the tenant, and not both — with primary fiduciary duties to that party only.