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What is Dual Agency Agreement

The Agreement to Represent Both Buyer and Seller is a real estate document used by brokerages in Alberta, Canada, to outline their obligations when representing both parties in a property transaction.

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Who needs Dual Agency Agreement?

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Dual Agency Agreement is needed by:

Real estate agents needing to formalize dual agency relationships.
Property buyers requiring representation during negotiations.
Property sellers seeking brokerage representation.
Witnesses involved in property transactions.
Brokerage representatives who facilitate agreements.

How to fill out the Dual Agency Agreement

1.

To begin, access the Agreement to Represent Both Buyer and Seller form on pdfFiller by searching for its name in the search bar or navigating through the real estate forms category.
2.

Once you’ve located the form, click to open it within the pdfFiller interface. You’ll see an editable PDF format ready for you to complete.
3.

Before filling out the form, ensure you have all necessary information ready, such as the names and contact details of the buyer, seller, and any witnesses, as well as the brokerage representative.
4.

Start filling out the form by entering the 'Signature of Buyer', followed by the 'Print Name of Buyer'. Make sure the information entered is clear and accurate.
5.

After you fill in the buyer's details, proceed to complete the seller's information in the same manner: input the 'Signature of Seller' and then 'Print Name of Seller'.
6.

Next, include the signature details for any required witnesses. Depending on your agreement, you may also have a section for the brokerage representative.
7.

Make sure to review each filled field for any errors or missing information before finalizing. pdfFiller offers options to highlight any sections that need attention.
8.

Once everything is complete and reviewed, save your document for future reference. You can easily download it as a PDF or submit it directly from pdfFiller.

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Who is eligible to sign the Agreement to Represent Both Buyer and Seller?

The agreement must be signed by the buyer, seller, witnesses, and a brokerage representative. All parties involved in the real estate transaction need to be present to finalize the document.

Are there any deadlines I should be aware of regarding this agreement?

While there are no universal deadlines for this form, it is crucial to complete it as soon as possible to ensure that representation begins promptly, especially before making offers on properties.

How do I submit the Agreement to Represent Both Buyer and Seller?

Submission can typically be handled directly through your brokerage. The completed form may need to be returned to the brokerage for processing and filing, depending on their procedures.

What supporting documents do I need when completing this agreement?

You will need to have the names, addresses, and contact information of both the buyer and the seller ready. Additional documentation may include any prior agreements or disclosures regarding the property.

What common mistakes should I avoid when filling out this form?

Ensure that all parties' names are spelled correctly and that signatures are obtained in the correct locations. Double-check for any missing fields that are required for completion.

How long does it take for the agreement to be processed?

Processing times may vary, but the agreement is typically finalized quickly after all signatures are obtained. Check with your brokerage for specific timelines.

Is notarization required for this agreement?

No, the Agreement to Represent Both Buyer and Seller does not require notarization. However, all parties must sign it in order for it to be legally binding.