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Designated agency
- In Alberta, the relationship known as dual agency is defined in the province’s Real Estate Services Act as “designated agency.”
www.zolo.ca/blog/how-canada-handles-dual-agency
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Jun 11, 2018 · In Alberta, the relationship known as dual agency is defined in the province’s Real Estate Services Act as “designated 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?
Apr 3, 2018 · Dual agency — also known as multiple representation — is a term to describe a situation where one agent or one brokerage represents both the buyer and seller in a real estate transaction.
In dual agency, which was removed as an option on October 1, 2008, and transaction brokerage, the brokerage and its industry members must treat both parties to the transaction in an even-handed, objective and impartial manner.
Mar 12, 2008 · Dual Agency occurs whether one individual in the brokerage is working for both the buyer and the seller or different representatives from the same brokerage are working for the buyer and the seller. The brokerage, including its broker and all its associate brokers and associates, is the Dual Agent.
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
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.”.
