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Q: What duties do a dual agent owe to the client? A: There are specific statutory duties that the dual agent owes to both buyer/seller and lessor/lessee: To treat all clients honestly To provide information
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How to fill out real estate agency disclosure

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To fill out a real estate agency disclosure, follow these steps:

01
Obtain the necessary form: Contact your local real estate agency or visit their website to access the official disclosure form. It should be readily available and easily downloadable.
02
Provide personal information: Enter your name, address, and contact details in the designated sections of the form. This information is essential for identification purposes.
03
Declare agency relationship: Indicate whether you are representing the buyer, seller, or acting as a dual agent. This disclosure ensures transparency in the transaction and notifies all parties involved about your role.
04
Disclose any potential conflicts of interest: If you have any conflicts of interest, such as a personal relationship with one of the parties or a financial interest in the property, it is crucial to disclose this information. This promotes fairness and avoids any misunderstandings.
05
Describe any additional services or compensation: Outline any additional services you will provide or any compensation you may receive beyond the typical agreement. This includes fees, commissions, or referral bonuses. Clear communication about compensation helps build trust with clients.
06
Provide information on any affiliated businesses: If you have partnerships or affiliations with other businesses related to the real estate industry, disclose this information. This could include mortgage brokers, home inspectors, or insurance providers. Transparency about these relationships enhances trust and avoids potential conflicts of interest.
07
Signature and date: At the end of the form, sign and date it. This signifies your compliance with the disclosure requirement and your agreement to adhere to the real estate agency's policies and regulations.

Who needs real estate agency disclosure?

Anyone involved in a real estate transaction, including real estate agents, brokers, buyers, and sellers, needs the real estate agency disclosure. This form ensures transparency, helps avoid conflicts of interest, and protects the interests of all parties involved. State laws may vary regarding who is required to disclose agency relationships, so it is essential to consult local regulations to determine the specific requirements in your area.
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Real estate agency disclosure is a legal document that discloses the relationship between a real estate agent and their client.
Real estate agents are required to file real estate agency disclosure with their clients.
Real estate agency disclosure can be filled out by providing information on the agent-client relationship, duties, and responsibilities.
The purpose of real estate agency disclosure is to inform clients about the agent's duties, potential conflicts of interest, and representation.
Information such as the agent's name, contact information, agency relationship, and any potential conflicts of interest must be reported on real estate agency disclosure.
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