To ensure that all parties understand dual agency and consent to it, and to remain compliant with the law, real estate agents fully
disclose dual agency relationships.
If she does enter into
a disclosed dual agency relationship, Rita must observe her state's dual agency laws, which probably require her to keep some types of information from each party confidential.
Not exact matches
A majority work for independent, franchised companies, 61 percent, and practice a buyer and seller
agency relationship with
disclosed dual agency.
Those rules permit different
agency relationships as long as seller's agents and
dual agents
disclose their
agency relationship up front.
In Colorado, as in most states,
disclosed dual agency, which is where the parties know of and consent to the
relationship, is legal.
In order to comply with the disclosure requirements of section 5 - 10 of the Rules, appropriate disclosure of the limited
dual agency relationship must be made at the first reasonable opportunity and, where possible, made before either client has
disclosed confidential information to the agent.
As of Jan. 1, 2015, the duty of a real estate agent to
disclose in writing his or her representation of a buyer, seller, tenant and / or landlord, including any
dual agency relationship, in residential real property transactions extended to transactions involving commercial real property.