MD REC Consent for Dual Agency 2011 free printable template
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STATE OF MARYLAND REAL ESTATE COMMISSION Consent for Dual Agency (In this form, the word seller includes landlord ; buyer includes tenant ; and purchase or sale includes lease) When Dual Agency May
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How to fill out MD REC Consent for Dual Agency
How to fill out MD REC Consent for Dual Agency
01
Obtain the MD REC Consent for Dual Agency form from your broker or the Maryland Real Estate Commission website.
02
Review the form to understand its sections, including the description of dual agency.
03
Clearly indicate the parties involved in the transaction.
04
Fill out the details about the property being sold or leased.
05
Disclose the relationship of the agent(s) to the parties involved in the transaction.
06
Ensure all parties involved understand the implications of dual agency.
07
Require signatures from all parties to confirm their consent.
08
Provide copies of the signed consent form to all parties and retain a copy for your records.
Who needs MD REC Consent for Dual Agency?
01
Real estate agents acting as dual agents in a transaction.
02
Buyers and sellers involved in a real estate transaction where the same agent represents both sides.
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What is MD REC Consent for Dual Agency?
MD REC Consent for Dual Agency is a document that provides consent from all parties involved in a real estate transaction when a single agent or agency represents both the buyer and the seller.
Who is required to file MD REC Consent for Dual Agency?
Both the real estate agent representing the dual agency and the clients (the buyer and the seller) are required to sign and file the MD REC Consent for Dual Agency.
How to fill out MD REC Consent for Dual Agency?
To fill out the MD REC Consent for Dual Agency, ensure that all required fields such as the names of the parties involved, property details, and signatures of the buyer and seller are completed, along with the date of consent.
What is the purpose of MD REC Consent for Dual Agency?
The purpose of MD REC Consent for Dual Agency is to ensure transparency and to obtain the informed consent of all parties involved when one agent represents both the buyer and seller, which helps to avoid conflicts of interest.
What information must be reported on MD REC Consent for Dual Agency?
The information that must be reported includes the names of the parties, property address, details of the agency representation, signatures of all parties, and the date the consent is given.
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