Get the free Consent for Dual Agency

(In this form, the word seller includes landlord ; buyer includes tenant ; and ... (the seller×39’intercompany agent) and another agent affiliated with the broker ...

How to fill out consent for dual agency

How to fill out consent for dual agency:

1. Obtain the consent form: Start by acquiring the consent form for dual agency from the appropriate source. This may be provided by your real estate agent or brokerage firm.
2. Read the form thoroughly: Carefully peruse the entire consent form, paying attention to all the terms and conditions outlined in the document. Make sure you fully understand the implications of dual agency.
3. Provide necessary information: Fill in all the required fields on the consent form, such as your name, address, contact information, and the property details. Ensure the accuracy of the information provided.
4. Date and sign the form: Once you have completed filling out the consent form, add the current date and affix your signature to indicate your agreement with the terms stated.
5. Retain a copy: Make a copy of the filled-out consent form for your records. It is crucial to have a copy for future reference or in case any disputes arise.

Who needs consent for dual agency:

1. Sellers: When working with a real estate agent or brokerage who also represents the buyer, sellers need to provide consent for dual agency. Dual agency arises when the same real estate professional or brokerage represents both the buyer and the seller in a transaction.
2. Buyers: Buyers, too, may be required to provide consent for dual agency if they choose to work with a real estate agent or brokerage that also represents the seller. It is essential for buyers to be aware of the potential conflicts of interest that may arise in dual agency situations.
3. Real estate agents and brokerages: In jurisdictions where dual agency is permitted, real estate agents and brokerages are obligated to seek consent from both parties involved in a transaction before acting as dual agents. This ensures transparency and informed decision-making for all parties.

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What is consent for dual agency?

Consent for dual agency is a legal agreement where both the buyer and seller of a property agree to be represented by the same real estate agent or agency.

Who is required to file consent for dual agency?

Both the buyer and seller of a property are required to file consent for dual agency.

How to fill out consent for dual agency?

To fill out consent for dual agency, both the buyer and seller must sign the agreement provided by the real estate agent or agency.

What is the purpose of consent for dual agency?

The purpose of consent for dual agency is to establish the representation and responsibilities of the real estate agent or agency when representing both the buyer and seller in a transaction.

What information must be reported on consent for dual agency?

The consent for dual agency form must include the names of the buyer and seller, the property address, the agreed-upon commission or compensation, and any additional terms and conditions.