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- If a real estate professional represents two or more clients with competing interests in the same real estate transaction, they are providing dual agency. This includes representing: Both the seller and the buyer; Both the landlord and the tenant; Both the assignor and the assignee; Two or more buyers, tenants or assignees.
www.bcfsa.ca/industry-resources/real-estate-professional-resources/knowledge-base/guidelines/use-dual-agency-exemption
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Jun 11, 2018 · Dual Agency In Alberta. In Alberta, the relationship known as dual agency is defined in the province’s Real Estate Services Act as “designated agency.”
Apr 5, 2018 · Here is a few dual agency do’s and don’ts for real estate agents and tips for buyers and sellers. DO #1: Be Upfront About the Multiple Representation Situation Any agent or brokerage that represents both the buyer and the seller must notify both parties in writing.
CONSUMER RELATIONSHIPS GUIDE. 2.1 This Agreement is for situations where we represent both the buyer and the seller in the purchase and sale of this property only. In Alberta, this representation is referred to as “transaction brokerage,” and in Saskatchewan is referred to as “limited dual agency.”.
Apr 4, 2018 · What Is a Dual Agency? Dual agency — also known as multiple representation or dual representation — is when one agent or two agents from the same brokerage represent both the buyer and seller in a real estate transaction. Problems That Can Arise With Dual Agency?
What are the beneits of designated agency? Designated agency reduces the chances of a conlict of interest arising in a real estate transaction. Designated agency eliminates the conlicts of interest that arise for a brokerage when two industry members from the same brokerage represent the buyer and seller in the same transaction (in-house
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A real estate broker oversees each brokerage. Real estate associates and associate brokers need to be registered with a brokerage, and they are typically the brokerage representatives when working with consumers. What is agency? Sole Agency. Customer Status. Transaction Brokerage. Common law Agency versus Designated Agency.
Jan 19, 2023 · There, dual employment occurs when a permanent employee on an extended leave without pay takes another government position for a specified period. For more information on this definition of dual employment, see the Government of Canada’s page on dual employment.
