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Agents create a dual agency when they represent both the buyer and the seller in the same real estate transaction. This situation typically occurs when a buyer expresses interest in a property listed by the agent's brokerage, or when the agent represents both parties with their consent. Dual agency can lead to potential conflicts of interest, so it's essential that all parties are fully informed and agree to the arrangement. In many jurisdictions, agents must disclose their dual agency status to both clients to ensure transparency.
What else can I help you with?
What states allow dual real estate agents?
NC allows disclosed dual agency.
Where you can find dual miscrits?
In travel agency
How do agency management systems help insurance agents?
Agency management systems help insurance agents by streamlining workflow and improving productivity. You can learn more about Agency management systems online at the Agency Management Systems website.
What is an escort agency?
An escort agency is a booking agency that brings together clients, who want companionship, and agents for specified periods of time, charged by the hour or day. These agents will usually negotiate after the agency fee for any sexual services rendered to the client.
Are CIA agents covert?
Depends what job you are doing and with which agency.
Where can a person find travel agents?
Libberty Travel Agency has over 60 years of experience as a travel agency providing great deals for dream vacations. Their agents are experienced and always friendly.
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.
Why do travel agents need a host agency?
Ask your mom please!
What is the abstract noun for agent?
The abstract noun form of the concrete noun 'agent' is agency.
Who are some of the secret agents of the blackhoodie agency on clubpenguin?
I've heard robotgenius, rofl, bbbad65, coconut7865 (ashley) are some of the best agents of the blackhoodies.
Who helped create the dual monarchy?
Ferenc Deak
What type of services are provided by Andrew Estate Agents?
Andrew Estate Agents are a real estate agency located in the United Kingdom. A person can buy a home, sell a home, offer a rental property, or rent a property through this agency.
