Get the free Designated Agency Disclosure Listing Addendum-michigan - keyrealtyresources
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Designated Agency Disclosure Listing Addendum Property Address: THIS ADDENDUM is to be a part of and incorporated into the listing Contract between Key Realty One as Listing Broker and as Seller(s)
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How to fill out designated agency disclosure listing
How to fill out designated agency disclosure listing:
01
Begin by obtaining a designated agency disclosure form from your local real estate agency or online.
02
Familiarize yourself with the requirements and guidelines provided on the form.
03
Enter your personal information, including your full name, contact details, and any relevant identification numbers.
04
Specify the property in question by providing its address, legal description, and any other necessary details.
05
Indicate the type of agency relationship you wish to establish, such as buyer's agency, seller's agency, or dual agency.
06
If applicable, disclose any potential conflicts of interest that may arise during the real estate transaction.
07
Acknowledge your understanding of the designated agency relationship and the implications it may have on your rights and obligations.
08
Date and sign the document, ensuring your signature matches the one provided in any associated contracts or agreements.
09
Make a copy of the completed designated agency disclosure listing for your records.
10
Submit the original form to the appropriate party or organization involved in the real estate transaction.
Who needs designated agency disclosure listing?
01
Real estate agents and brokers: They are required by law to provide a designated agency disclosure listing to their clients, explaining the type of agency relationship being established.
02
Homebuyers: It is important for homebuyers to receive a designated agency disclosure listing in order to understand the role of their real estate agent or broker and any potential conflicts of interest that may arise.
03
Home sellers: Similarly, home sellers should receive a designated agency disclosure listing to understand the role of their listing agent or broker and ensure their interests are properly represented.
04
Dual agency situations: In cases where an agent or broker represents both the buyer and seller in a real estate transaction, all parties involved should receive a designated agency disclosure listing to clarify the nature of the relationship and any potential conflicts of interest.
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What is designated agency disclosure listing?
Designated agency disclosure listing is a form used in real estate transactions to disclose which real estate agents represent the buyer and seller.
Who is required to file designated agency disclosure listing?
The real estate agents involved in the transaction are required to file designated agency disclosure listing.
How to fill out designated agency disclosure listing?
Designated agency disclosure listing should be filled out by indicating the names of the buyer's agent and seller's agent, along with any other relevant information.
What is the purpose of designated agency disclosure listing?
The purpose of designated agency disclosure listing is to ensure transparency in real estate transactions and disclose any potential conflicts of interest.
What information must be reported on designated agency disclosure listing?
The names of the buyer's agent and seller's agent, as well as any other relevant information related to the transaction, must be reported on designated agency disclosure listing.
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