Sentences with phrase «dual agency situations»

Another problem cited by the report is the increasing number of errors and omissions claims that involve dual agency situations.

Brokers have a financial incentive to manipulate consumers into dual agency situations.

In Huijers v. Demarrais, the California Court of Appeals addressed the issue of disclosure by real estate licensees in dual agency situations.

That would be nice, but most agents find themselves in dual agency situations when dealing with their buyers and sellers and can no longer represent their clients best interests.

Very careful dual agency situations.

If one works in a large brokerage then you will be constantly in DUAL AGENCY situations and that definitely is not an advantage for the buyer.

And in dual agency situations, buyers often get the short end of the stick.

Justice Pollak agreed with Ms. Morrow and found that the broker's failure to advise Ms. Morrow in writing of the dual agency situation prior to the offer to purchase being presented constituted a breach of the listing agreement, disentitling the broker to nearly $ 18,000 in commission.

Jim: It is impossible to act in the best interests of all parties in a dual agency situation.

In a dual agency situation very few agents will ever suggest that the buyers and sellers seek out new agents to represent their best interests, since the agent will now be required to share their commission.

Briefly, when a real estate company finds itself in an «in - house» dual agency situation, management can try to solve the cross-advocating problem of the opposing interests of their clients.

Anyhow that is what I believe and if most buyers and sellers understood dual agency many would not allow themselves to be placed in a dual agency situation.

How can buyers or sellers develop negotiating strategies that might work in their best interests if they are in a dual agency situation and can not rely on their agents professional negotiating skills.

DUAL AGENCY SITUATION — What if you are the listing agent in a dual agency situation and your sellers asks you for some feedback.

In a dual agency situation things get very complicated.

Many agents are very uncomfortable in a dual agency situation.

You have an advantage over your competitors in that you will rarely, if ever place your clients in a dual agency situation.

Agents that I have had the pleasure of working with and whom I consider to be extremely ethical, sometimes act like a long - tailed cat in a room full of rocking chairs when they find themselves in a dual agency situation.

In any dual agency situation I would insist on a release from the BAA contract.

Fortunately for the REALTOR few buyers will object to being represented in a dual agency situation and lucky for the agents that buyers do not clearly understand their rights.

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

Also very few agents get overly involved in explaining «dual agency» to their buyers and generally have the buyers agree to their being represented in a dual agency situation on signing a BRA contract rather than at the time of the conflict..

You need to try to grasp the concept of «ratification» as you may well be working under a dual agency situation but don't even know.

They don't want to sign a contract only to find that you are going to abandon them when in a dual agency situation.

Consumers don't understand the rights they are giving up to benefit of their REALTOR in a dual agency situation.

The result, hopefully, is that fewer buyers are trapped in a dual agency situation without their consent or knowledge.

Then the licensee will be in an undisclosed dual agency situation, and dual agency is prohibited.

Although «disclosure» of risks may be statutorily satisfied, conduct inconsistent with fiduciary duties is not exempted and presumptions of breach of duty still exist in a dual agency situation (brokers are still dual agents).

However, this section of the Act is incorrectly constructed in that it actually allows the salesperson, in a dual agency situation, to do exactly what the broker is prohibited from doing — negotiating price and terms.

I will do everything possible to avoid a DUAL AGENCY situation.

Perhaps in a dual agency situation the amounts paid to the broker and agents should be reduced to reflect the reduction in level of service provided.

Yes consumers must sign a disclosure allowing real estate agent to act for them in a dual agency situation.

Few Realtors would ever suggest that their buyers and sellers seek independent representation when in a dual agency situation.

Not exact matches

You never have a situation of dual agency, you never have a situation where they're trying to get you buy a property that they're listing, whether it's someone in their office is listing, because no one lists property at all.

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.

This prohibition extends to the receipt of commissions from the other party to a transaction, a situation which creates potential difficulties for brokers in buyer agency and dual agency relationships.»

Transaction Brokerage has been used in situations where Designated Agency needed to be modified for reasons that would be similar to the application of «Limited Dual Agency» when practicing Common Law Agency.

EVEN WORKING UNDER DUAL AGENCY CAN HAVE ADVANTAGES FOR BUYERS OR SELLERS DEPENDING ON THE SITUATION.

He can elect to be either a client or a customer (duty of care), but if you are going to show him one of your own listings, or one of your company listings, you need to be cautious that he understands the full situation and has signed off on the document called Working With a REALTOR, and that if he wishes to proceed in client status, you will need to let your seller know that, with his permission, you will be dealing in dual agency, having explained this to the caller as well.

Your reference to «dual agency» is an valid one, because the main doubt attached to it, is the question of a practitioners ability to remain impartial in a situation where he / she stands to potentially obtain a greater benefit — through earning a higher commission, as a result of some exclusivity.

If limited dual agency was a problem, we'd see most complaints arise from situations involving limited dual agency; but we don't.

In most states, dual agency refers to a situation where the same REALTOR ® represents both the buyer and the seller in a real estate transaction.

In terms of Designated Agency and Transaction Brokerage, it was the view of the Task Force that dual agency is a situation that causes problems within the industry and if we could find ways to minimize those problems, the industry and consumers would benefit fromAgency and Transaction Brokerage, it was the view of the Task Force that dual agency is a situation that causes problems within the industry and if we could find ways to minimize those problems, the industry and consumers would benefit fromagency is a situation that causes problems within the industry and if we could find ways to minimize those problems, the industry and consumers would benefit from that.

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.

If a property isn't listed in the MLS, critics say, the listing agent or brokerage is more likely to also represent the seller — a situation that's often defined by state law as «dual agency» representation.

Many believe that dual agency is akin to fraud and subjects clients to an unfair and impossible situation.

This situation creates a dual agency.