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DUAL AGENCY CONSENT AGREEMENT Property Address: Seller(s) or Landlord(s): Buyer(s) or Tenant(s): 1. This Dual Agency Consent Agreement is an addendum to and made part of (check all that apply): Listing

How to fill out dual agency consent agreement

How to fill out a dual agency consent agreement:

1. Begin by obtaining a copy of the dual agency consent agreement form. You can usually get this form from your real estate agent or broker.
2. Read through the agreement carefully to familiarize yourself with its contents. It is essential to understand the terms and conditions before signing.
3. Fill in the necessary information in the provided spaces, such as your name, address, and contact details, as well as the name and contact details of the real estate agents or brokers involved in the dual agency.
4. Review the disclosure language in the agreement, which typically outlines that both the buyer and the seller acknowledge and understand that the agent or broker is representing both parties simultaneously.
5. Initial or sign the agreement where required to indicate your consent to the dual agency relationship. Make sure all necessary signatures are obtained from all parties involved.
6. Consider seeking legal advice or consulting with a real estate professional if you have any concerns or questions about the agreement or the dual agency relationship.
7. Keep a copy of the fully completed and signed dual agency consent agreement for your records.

Who needs a dual agency consent agreement?

1. Buyers and sellers involved in a real estate transaction where the same real estate agent or broker represents both parties may need a dual agency consent agreement.
2. Dual agency can occur in situations where an agent or broker has separate clients who have an interest in buying and selling the same property.
3. In some jurisdictions, it is a legal requirement for real estate agents or brokers to obtain the informed consent of all parties involved before representing both the buyer and the seller in a transaction. Hence, a dual agency consent agreement may be needed to fulfill this requirement and protect the interests of all parties involved.

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What is dual agency consent agreement?

A dual agency consent agreement is a legal document that allows a real estate agent to represent both the buyer and the seller in a real estate transaction.

Who is required to file dual agency consent agreement?

Both the buyer and the seller are required to sign the dual agency consent agreement.

How to fill out dual agency consent agreement?

To fill out a dual agency consent agreement, both parties must carefully review the terms and conditions outlined in the document, and provide their signatures on the designated lines.

What is the purpose of dual agency consent agreement?

The purpose of a dual agency consent agreement is to ensure that both the buyer and the seller understand and agree to the potential conflicts of interest that may arise when a real estate agent represents both parties in a transaction.

What information must be reported on dual agency consent agreement?

The dual agency consent agreement must include the names and contact information of the buyer, seller, and real estate agent, as well as a detailed description of the property being bought or sold.