Sentences with phrase «disclosed dual agent»

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

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

The broker - in - charge remains a disclosed dual agent for both clients, and ensures the assigned agents fulfill their duties to their respective clients.

Having renounced advocacy, what can a disclosed dual agent do for either party in a transaction besides chauffeur, run errands, and carry messages?

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.

The court found that state case law supported this conclusion that a disclosed dual agent is not in a fiduciary relationship with his / her clients.

The buyers sued the sellers and the two sales associates, a team acting as disclosed dual agents, claiming they had knowingly violated the federal Residential Lead - Based Paint Hazard Reduction Act of 1992.

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

Not exact matches

Buyer and seller representation with disclosed dual agency: An agent may represent both the buyer and the seller in the same transaction, with the informed consent of both.

In the 1990s states began adopting legislation that established the designated and disclosed dual agency models and outlined the duties of practitioners based on the role they were assuming, such as seller's agent, buyer's agent, dual agent, or transaction facilitator.

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

Michigan law allows an agent to represent two parties provided the dual agency is disclosed.

Answer: As either a dual agent or if you are giving them customer service, you can not disclose the motivation of the seller.»

An Ohio court has considered whether a dual agent could be liable to buyers for failing to discover and disclose the presence of lead - based paint.

Those rules permit different agency relationships as long as seller's agents and dual agents disclose their agency relationship up front.

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.

A dual agent still must not disclose confidential information to either party and must operate in a hands - off manner.

Not only would the dual agent not have a duty to disclose such information to the buyer, but his or her fiduciary duty to the seller might actually prohibit it.

A dual agent may not take any action that is adverse or detrimental to either party but must disclose known material defects about the property.

In order to avoid having to disclose dual agency conflicts and obtain written consent, many states, including Massachusetts and New Hampshire, allow real estate companies to «designate» a real estate agent at the brokerage to represent the seller and a different «designated» real estate agent at the same company to represent a potential homebuyer.

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.

Licensees should also be aware that when acting as a limited dual agent in a transaction where the parties to a contract have entered into a limited dual agency agreement, that agreement specifically modifies the duty of confidentiality and provides that licensees have a duty to disclose information to both parties in a transaction, subject to three exceptions as follows:

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.

Despite the fact that a seller does not have an obligation at law to disclose the existence of a stigma that affects their property, the seller has, when consenting to the listing brokerage acting as a limited dual agent, agreed that the brokerage will have a duty of disclosure to the buyer, excluding

In order to avoid having to disclose dual agency conflicts and obtain written consent, many states, including Massachusetts and New Hampshire, allow real estate companies to «designate» a real estate agent at the brokerage to represent the seller and a different real estate agent at the same company to represent a potential homebuyer in the same transaction.

Many states have recognized that eliminating the fiduciary duties of loyalty (requiring a real estate agent to act in the best of interest of their client) and disclosure (requiring a real estate agent to disclose all relevant information to their client) is not in the client's best interest and have outlawed dual agency from real estate brokerage.

Limited dual agents have a duty to treat the buyer and the seller impartially, and other than the exceptions set out in the Limited Dual Agency Agreement, they must disclose everything material to both the buyer and the seldual agents have a duty to treat the buyer and the seller impartially, and other than the exceptions set out in the Limited Dual Agency Agreement, they must disclose everything material to both the buyer and the selDual Agency Agreement, they must disclose everything material to both the buyer and the seller.

The Sellers argued that the Broker breached her fiduciary duty to them when she showed other properties to the Buyer without disclosing to the Sellers that she was acting as a dual agent.

When a licensee is acting as a dual agent, the licensee needs to disclose this fact to his / her client and failure to do so is a breach of his / her fiduciary duty.

Not all states allow dual agency, and even in the ones where it's OK (provided it's disclosed to all parties), many agents don't go there because it puts them in a sticky position of having to work for both the seller and buyer.

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.

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.