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He/she is working as an Exclusive Buyer Agent, which forbids him/her to have any listings and cannot therefore act as an agent for a seller. Otherwise, he/she can be uncomfortable with the legal responsibility to act as an objective and neutral go-between for both the seller and buyer. This puts some limit on his/her relationship with one of the two parties. He/she is expressly forbidden from taking sides and favouring one of them against the other.
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What is dual economic?
what is dual economic?A dual economy is the existence of two separate economic systems within one country, a concept created by Julius Herman Boeke. Dual economies are common in less developed countries, where one system is geared to local needs and another to the global export market.
What are examples of shadow price and dual price?
I do not know, you tell me first.
5 features of dual economic model of arthur Lewis model?
Plz answer related to microeconomics
What is the effect of economic dualism on a country?
Dual economies are common in less developed countries, where one sector is geared to local needs and another to the global export market.
What is the value of a 1975 eisenhower dollar?
Please check again and post a new question. There are no 1975-dated Ikes. The Mint did not strike any quarters, halves, or dollars with that date - only dual-dated 1776-1976 Bicentennial issues.
What is a disclosed dual agency in real estate?
In the US, although regulated by individual states,dual agency must be disclosed to all parties in the transaction. Undisclosed dual agency may result in a loss or suspension of a real estate license. For example, Agent A and agent B both work for Remax DC. If Agent A has a buyer who writes an offer on Agent B's listing there is dual agency (assuming that Ahas a buyer's agency agreementand B has a listing agreement) because both buyer and seller have an agency relationship with Remax DC as the principal. This is perfectly legal as long as all parties are aware and give their consent.
What states allow dual real estate agents?
NC allows disclosed dual agency.
Who does a Real estate agent represent?
either the buyer or seller of a property There are several types of representation that a real estate agent may be hired to perform. The agent can be retained in a single agency representation to represent the seller or as a buyer-agent representing the buyer. Single agency results in a fiduciary relationship to either the buyer or seller, but not both. Dual agency is where the real estate agent owes a fiduciary relationship to both parties and is not permitted in many states. A real estate agent can also be retained to provide what is called transaction brokerage whereby they do not represent either the buyer or the seller but instead performs services to facilitate the transaction and would be bound to treat both parties fairly but does not owe a fiduciary relationship to either. When retaining the services of a real estate agent inquire as to the nature of their representation and who they in fact represent. Keep in mind that as their representation of a particular party to the transaction evolves, the representation obligations and fiduciary duties may change. It is obligation of the real estate agent to disclose in establishing a relationship and also if and when it changes during the transaction.
What are the real estate laws in Georgia?
Every Real estate law involves the preparation and negotiation of numerous legal documents. Required disclosure by Georgia Real Estate Law, Brokerage Relationship in Real Estate Transactions Act (BRRETA), to make sure that you are clear on how you can be represented by a Real Estate Broker or affiliated sales person hereafter referred to as "Broker" in Georgia. 1. SELLER AGENCY 2. BUYER AGENCY 3. DUAL AGENCY 4. TRANSACTION BROKER
Where you can find dual miscrits?
In travel agency
Who is the principal for whom the real estate broker works?
The broker works for the principal who has signed an agency agreement with the broker's company. If the brokerage agency, ex. Coldwell Banker John Smith, has a listing agreement with the Jones family to sell their home through their salesman, John Doe the brokerage and the agent John Doe represent the Jones family as their principal. The gray area would be if John Doe gets a phone call from a buyer who wants to be represented by an agent to look at homes and he decides to buy the Jones' listing. Now the brokerage and John Doe represent 2 opposing interests in a transaction, which is called dual agency. Most agencies and real estate agents disclose this issue up front and offer a designated agency option, but it is confusing for many people not in the business or who are not attorneys.
An agent acting as a dual is not always in breach of the duty of loyalty True or False?
True
Is it legal for US residents to buy real estate in costa rica?
It is legal for US residents to buy real estate to Costa Rica, but you have to have dual citizenship.
What does a real estate agent do?
Real estate agents are responsibilities include a daily watch of activities & market changes. They also engage in negotiations with clients that are buying a home, or are planning to invest on a commercial property.
What is the Dual role of sulfuric acid in the copper cycle?
It speeds up the reaction, and acts as a dehydrating agent
In dual agency who pays the closing cost in a purchase transaction?
Dual agency occurs when one broker or salesperson represents both parties to a transaction, or when two salespersons licensed to the same broker each represent a party to the transaction. Closing costs are a negotiable item between the buyer and the seller in the purchase agreement.
Is there a word for useless because of the dual use of a word Example FBI Agency there are ample and plentiful rocks on earth?
This question is phrased horribly, but that's an Oxymoron
