Sentences with phrase «dual agency occurs»

Dual agency occurs when both agents are from the same real estate brokerage which allows the brokerage to collect (or «hog») a double commission.

If dual agency occurs you will be asked to consent to that in writing.

Dual agency occurs when the brokerage firm represents the buyer and seller on the same transaction (even if different agents are involved).

An important distinction between limited dual agency that arises in brokerage agency as compared to limited dual agency that arises in designated agency is that under brokerage agency dual agency occurs in «in - house» transactions involving more than one licensee.

As I have stated previously... the first dual agency occurs at the top, then reappears in each of the layers of the system.

Not exact matches

Dual - Agency Dilemmas Brokers using tenant - matching technology should be mindful of their state's laws and brokerage policies on dual agency — the ethically murky situation that occurs when the broker represents both the landlord and the tenant in the same lease transactDual - Agency Dilemmas Brokers using tenant - matching technology should be mindful of their state's laws and brokerage policies on dual agency — the ethically murky situation that occurs when the broker represents both the landlord and the tenant in the same lease transaAgency Dilemmas Brokers using tenant - matching technology should be mindful of their state's laws and brokerage policies on dual agency — the ethically murky situation that occurs when the broker represents both the landlord and the tenant in the same lease transactdual agency — the ethically murky situation that occurs when the broker represents both the landlord and the tenant in the same lease transaagency — the ethically murky situation that occurs when the broker represents both the landlord and the tenant in the same lease transaction.

But if dual agency happens to occur with a qualified Realtor's, and both parties (the clients) are amenable to it, my experience is that the Buyer and Seller are likely to be better pleased than in a typical transaction (and I have dozens of transactions to prove this, with no negative ones to disprove it).

From TREB «When REALTORS seek a Listing Agreement from a vendor, or REALTORS seek confirmation of agency relationships from a purchaser, it will be NORMAL for the REALTOR to ask the party signing the agreement to acknowledge that dual agency may occur, and that conflicts and duty of confidentiality are waived.»

this is the challenge of the dual agency situation — how do you stop the flow of information that occurs naturally between salespeople?

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.

The Superintendent has provided a narrow exemption to the rule prohibiting dual agency, for rare situations where the trade occurs in remote locations that are under - served by licensees and where an alternative to dual agency would be impracticable.

However, dual agency translates into a double commission for brokers and much market manipulation occurs to improve the chances of this risky relationship.

Remember, when a dual agency (or designated agency) occurs, the broker can't help you negotiate price or terms — the two most important reasons most people hire a Realtor.

Perhaps the worst part of dual agency is that it often occurs with little warning and provides consumers with few alternatives.

The financial incentives are so great for brokers to engage in dual agency that it should be presumed that market manipulation occurs in every dual agency transaction.

The financial incentives are so great for brokers to engage in a dual agency that it should be presumed that market manipulation occurs in every dual agency transaction.

In brokerage agency, limited dual agency can occur when the same licensee engaged by the brokerage represents the buyer and seller, or where different licensees engaged by the same brokerage represent the buyer and the seller.

Perhaps the worst part of the dual agency is that it often occurs with little warning and provides consumers with few alternatives.

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

If a dual agency consent form is not signed by both buyers, then undisclosed dual agency has occurred.