Sentences with phrase «dual agent»

In the transaction, the mother and daughter licensees acted as dual agents for both parties.

The defendant real estate broker acted as dual agent for both parties in a real estate transaction.

The purchaser and seller agreed that the broker, through its associated licensees, would act as dual agent in the transaction for a luxury home.

A disclosed dual agent represents both the buyer and the seller in the same real estate transaction.

Dual agents owe limited fiduciary consent of both parties.

Maybe that's another reason that the possible dual agent doesn't want a higher offer, because she doesn't know if her buyers can qualify.

Only exclusive buyer's agents and listing agents whose practice focuses solely on listings are never dual agents.

Dual agent representative did not make false statement about flood zone designation or erosion on the property.

The defendant real estate representative acted as dual agent for both the seller and purchaser in the transaction.

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

In such relationships, dual agents owe limited fiduciary duties to both buyer and seller clients.

The Montana Association of REALTORS ® filed an amicus curiae brief arguing that because the state's law permits licensees to act as dual agents of the buyer and the seller and «act solely in the best interests» of both parties, a buyer's representative should be able to represent two bidders in the same manner.

An Ohio court has considered whether a homeowner could be liable for inaccurate statements made by dual agent listing broker about the owner's attempt to remedy dampness in a crawl space.

Never agree to act as an unrepresented buyer's limited dual agent without first obtaining the express consent of your seller - client.

Ohio court finds that evidence supported jury verdict that dual agent failed to properly advise client about certain conditions on the...

2) Every other Hallmark Agent who remains as always, legally obligated and Limited as Dual Agents on all Hallmark listings except Lind's.

1 Apr. 21, 2016)(unpublished), buyers of seaside property sued seller and a dual broker agent for breach of contract, intentional misrepresentation, negligent misrepresentation, and rescission after dual agent told buyers at a pre-sale stage that foul odors in the house were attributable to «sea air,» when instead they emanated from a post-sale discovery of a buried oil and septic tank on the property.

In one case that settled out of court in favor of the plaintiffs, a buyer and seller both sued an experienced dual agent because he failed to recommend having a specific completion date for repairs in the repair agreement.

[19] The statutory changes also define dual agent, seller's agent, and sub-agent.

Rather, NAR has advocated clarity in the states» requirements for «informed consent» to assure that those brokers electing to serve as dual agents know how to comply with the law.

But they can get too close to the buyer and become a de-facto dual agent.

Even if one of those other licensees has long before established an agency relationship with a buyer, if that buyer becomes interested in any of the brokerage's listings, both the seller and the buyer must first agree for their respective licensees and the brokerage to act as dual agents before the seller and buyer can begin negotiating the transaction while using the assistance of those two licensees.

The brokerage would not start out, as it does today, as the sole agent for one of the parties, with every licensee engaged by the brokerage taking on the same status, and then have to strip away many of its agency obligations (and simultaneously stop being able to provide the agency services it initially offered) to become an impartial dual agent in an «in - house» transaction.

Mississippi's highest court has affirmed a lower court ruling that dual agent real estate breached her fiduciary duty to her buyer clients when she only gave a copy of termite report to the sellers.

The reality is a few thousands off the price does not really make a difference to them as they get essentially a quarter of the total commission so buyers sellers and dual agents just want to close the deal while making it seem like they are looking out for your best interest.

A real estate licensee may not operate as a disclosed or nondisclosed dual agent.

A Mississippi appellate court has considered whether a real estate salesperson, acting as a fully disclosed dual agent in a transaction, breached her fiduciary duty to a buyer when the salesperson disclosed a termite inspection report to the seller but not to the buyer.

Dual agency relationships don't carry with them all of the traditional fiduciary duties to the clients; instead, dual agents owe limited fiduciary duties.

«The partnership with my brother is structured where he works exclusively for our buyers and I serve all of our sellers.We have made the decision not to act as dual agents in order to always be able to represent our client's best interest.

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

Obtaining informed consent before acting is also necessary if a brokerage or any of its related licensees wishes to alter an existing relationship; for example, to move from acting on behalf of only one party to a trade to acting as a limited dual agent on behalf of both parties.

We're never dual agents, we're never designated agents, we're never going to put you in a situation where you want to buy a house that either I'm listing or someone in my firm is listing because we don't list property for sale, so we avoid those conflicts of interest.

Under brokerage agency, this transaction typically becomes one where the brokerage and its related licensees become limited dual agents, with the consent of the clients, and the clients» interests are treated impartially.

Mr. McDonald served as dual agent for our home purchase; we found him to be balanced and fair.

Some car insurance agents represent one company with others work as dual agents.

If you use the same agent, they probably will have to give you a dual agent form, which advises you of that fact, and you recognize they work for two parties with different goals.

If you do use a dual agent, make sure it's someone you trust completely.

A dual agent is a real estate agent who represents both the buyer and seller in a transaction.

You'll also want to avoid a dual agent.

If it's a dual agent, so be it.

State laws vary, but most states will allow a listing agent to become a dual agent, says Walter Molony, a spokesman for the NAR.