Get the free DUAL AGENCY DISCLOSURE STATEMENT - Ohio Real Estate

AGENCY DISCLOSURE STATEMENT The real estate agent who is providing you with this form is required to do so by Ohio law. You will not be bound to pay the agent or the agents' brokerage by merely signing

How to fill out dual agency disclosure statement

How to fill out a dual agency disclosure statement:

1. Begin by obtaining the dual agency disclosure form from your real estate agent or brokerage. This document is typically provided when a real estate agent is representing both the buyer and the seller in a transaction.
2. Familiarize yourself with the contents of the form. It typically includes information about the agents involved, the parties they represent, and any potential conflicts of interest that may arise from the dual agency relationship.
3. Carefully read through the form, paying close attention to any disclosures or explanations provided. Make sure you understand the implications and potential consequences of dual agency.
4. Fill in your personal information accurately. This may include your name, contact information, and the property address for the transaction in question.
5. Indicate whether you are the buyer, seller, or both in the transaction. This will help clarify your role and the parties you are representing.
6. Sign and date the disclosure statement. This signifies that you have read and understood the contents of the form and acknowledge the dual agency relationship.

Who needs a dual agency disclosure statement?

1. Buyers and sellers who are working with the same real estate agent or brokerage in a transaction may need a dual agency disclosure statement.
2. In some cases, a dual agency relationship may occur unintentionally. For example, if a buyer contacts the listing agent directly without their own representation, it could lead to a dual agency situation.
3. It is important for both buyers and sellers to be aware of the potential conflicts of interest and limitations that may arise in a dual agency scenario. The disclosure statement helps ensure transparency and informed decision-making for all parties involved.

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What is dual agency disclosure statement?

The dual agency disclosure statement is a document used in real estate transactions to disclose when the same real estate agent represents both the buyer and the seller.

Who is required to file dual agency disclosure statement?

Real estate agents who are representing both the buyer and the seller in a transaction are required to file the dual agency disclosure statement.

How to fill out dual agency disclosure statement?

The dual agency disclosure statement must be filled out by the real estate agent providing all necessary information about the representation of both parties.

What is the purpose of dual agency disclosure statement?

The purpose of the dual agency disclosure statement is to inform both the buyer and the seller that the real estate agent is representing both parties in the transaction.

What information must be reported on dual agency disclosure statement?

The dual agency disclosure statement must include the names of the buyer and seller, the property address, and the real estate agent's representation of both parties.