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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 else can I help you with?
What states allow dual real estate agents?
NC allows disclosed dual agency.
Can real estate agent's commission be paid by the broker to a corporation?
In most States the corporation would need to be a real estate licensee. Check with your State real estate licensing agency.
What if A broker if involved in the utilization of dual contracts is?
If a broker is involved in the utilization of dual contracts, they may be engaging in unethical or illegal practices, as dual contracts can create discrepancies between what is disclosed and what is actually agreed upon in real estate transactions. This can lead to issues such as fraud, misrepresentation, and legal liability. Regulators often scrutinize such practices, and brokers could face disciplinary actions, including fines or loss of their license. Transparency and adherence to legal standards are crucial in maintaining trust and integrity in real estate dealings.
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.
Can an expired real estate license be reinstated?
The answer depends on the rules for the agency that issued the license. Either the specific licensing agency has to be noted in the question or the reader is instructed to contact the licensing agency directly.
What states allow dual real estate agents?
NC allows disclosed dual agency.
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
What real estate agency is renting out rooms at Dauphin Island?
There only seems to be one real estate agency that is renting out room at Dauphin Island. The name of that real estate agency is Dauphin Island Real Estate.
What would be the best real estate agency in Hawaii?
The best real estate agency in Hawaii is the same as on the main land. It is Century 21. They are the leading real estate agency in the country and are very compatible with other agency's.
Best Real Estate Agency in Bucharest, Romania?
Eugene Estate - Real Estate Brokers in Bucharest and Timisoara
Which real estate agency i have to contact to purchase real estate in London?
There are hundreds of such business in the city
How many agents work at Raleigh real estate?
Raleigh Real Estate is a Remax partnered real estate agency. They can help you with real estate and rental homes in the Raleigh area.
What are the properties of a real estate agency?
Real property for sale and for rent.
When do agents create a dual agency?
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.
Can real estate agent's commission be paid by the broker to a corporation?
In most States the corporation would need to be a real estate licensee. Check with your State real estate licensing agency.
What small estate affidavits are recommended?
The small estate affidavits are recommended by real estate agencies or a real estate agent. In order to find the small estate affidavits one is recommended to find a real estate agency to find more information about it.
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.
