Agency Disclosure- What is Dual Agency? : RemaxEdge

Agency Disclosure- What is Dual Agency? Print

Created by: Marie Lotino

Modified on: Wed, 21 Oct, 2020 at 1:51 PM

What is Dual Agency?

The broker acts as an agent for both the Buyer and Seller in the transaction.
The broker makes every reasonable effort to stay impartial.
Prior to being a dual agent the broker may have obtained information about the Seller or Buyer, which, if disclosed, could harm the bargaining position of that party.
Both parties agree that the broker will not be liable for not disclosing any information which the broker feels would harm one party and benefit another.
Both parties give up their right to that the broker’s undivided loyalty.

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Agency Disclosure- What is Dual Agency? Print