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RE×MAX OF GULF SHORES LIMITED CONSENSUAL DUAL AGENCY AGREEMENT The following Limited Consensual Dual Agency Agreement is entered into between Sellers (s): and Buyer’s): with regard to the property

How to fill out limited consensual dual agency

How to fill out limited consensual dual agency:

1. Begin by gathering all the necessary information and documents required for the limited consensual dual agency form. This may include the names and contact information of both parties involved, the property address, and any relevant details about the real estate transaction.
2. Fill in the section that identifies the dual agency relationship, making sure to clearly state that both parties involved have provided their consent and are aware of the potential conflicts of interest that may arise due to this arrangement.
3. Specify the scope and limitations of the dual agency relationship in the designated section. This may involve outlining what services the real estate agent will provide to each party, as well as any restrictions on representing both parties in negotiations or disclosing confidential information.
4. Carefully review the terms and conditions of the limited consensual dual agency agreement, ensuring that both parties understand and agree to these terms. This may include provisions related to the agent's duty of loyalty, duty to disclose, and obligations towards both parties during the transaction.
5. Sign and date the form, ensuring that both parties have read and understood the contents of the limited consensual dual agency agreement. It is recommended to retain a copy for your records and provide a copy to all parties involved in the real estate transaction.

Who needs limited consensual dual agency?

1. Buyers and sellers who are both represented by the same real estate brokerage, and consent to the same agent representing their interests in the transaction.
2. Individuals who trust the agent's ability to facilitate the deal while maintaining impartiality and fairness.
3. Parties who have a mutual understanding and agreement on the potential conflicts of interest that can arise from a dual agency relationship and are willing to proceed with this arrangement.

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What is limited consensual dual agency?

Limited consensual dual agency is a situation where a real estate agent represents both the buyer and seller with their consent.

Who is required to file limited consensual dual agency?

Real estate agents who are acting as limited consensual dual agents are required to file the necessary paperwork.

How to fill out limited consensual dual agency?

Limited consensual dual agency forms can be filled out by providing information about the property, parties involved, and the agent's role.

What is the purpose of limited consensual dual agency?

The purpose of limited consensual dual agency is to facilitate the transaction between the buyer and seller with full disclosure.

What information must be reported on limited consensual dual agency?

Information such as property details, buyer and seller contact information, and the agent's responsibilities must be reported on the limited consensual dual agency forms.