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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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May 7, 2020 · Real estate professionals can use the exemption and provide dual agency to clients in remote and underserved locations where it is impracticable for the parties to be represented by different real estate professionals.
Jun 9, 2023 · Dual agency in real estate is when the same real estate agent represents both the buyer and seller in a home purchase. It can also occur when different agents within the same real estate...
- Undisclosed dual agency is when a real estate agent or brokerage is representing the buyer and the seller in the same real estate transaction witho...
- In a dual agency situation, the real estate agent is representing both the buyer and the seller in a real estate transaction in accordance with sta...
- Ask your agent before you hire them if they will be working only for you as a single agent or whether they are working, or might work, as a dual ag...
- Dual agency is legal in some states and illegal in others. There are eight states in which dual agency is illegal. In states where it’s legal, real...
- If you are the buyer, then you don’t need to negotiate the commission, as it’s typically paid by the seller. If you are the seller, though, try and...
May 4, 2021 · Under the brokerage agency model, dual agency can occur when one real estate professional represents a buyer and seller in a transaction, or two buyers are competing for the same property. It can also occur when any two real estate professionals at the brokerage are dealing with competing parties.
Jun 11, 2018 · But other provinces have not, yet, banned the use of dual agency. To help, we’ve put together a quick snapshot of how each province handles dual agency and what it means for homebuyers and sellers in the Canadian real estate market.
May 11, 2018 · Conflicts between current clients that would lead to a dual agency situation include: Your buyer client asks you to provide advice on purchasing your seller client’s property. Two different buyer clients each ask you to help them make offers on the same property.
Apr 5, 2018 · As a result, there are many rules and regulations around the use of dual agency in real estate transactions – and some key do’s and don’ts. 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.
Apr 5, 2018 · Here are our top four dual agency pros and cons of having the same real estate agent representation. Dual Agency Pro #1: Streamlined Communication. One of the biggest advantages of accepting dual agency representation is that is streamlines communication between the buyer and the seller and this can certainly streamline the home-buying process.
