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This is a legally binding contract for appointing a broker to find a tenant for a rental property, outlining terms, conditions, and responsibilities for both owner(s) and broker.
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How to fill out rental listing agreement designated
How to fill out RENTAL LISTING AGREEMENT (Designated Agent and Dual Agency)
01
Begin by entering the date of the agreement at the top of the document.
02
Clearly state the property address that is being leased.
03
Identify the landlord(s) and their contact information.
04
Name the designated agent or agency handling the rental listing.
05
Specify the terms of the rental listing, including rental price, duration, and any specific conditions.
06
Indicate whether the agreement involves dual agency and explain that both the landlord and tenant may have separate representation.
07
Ensure all parties sign and date the agreement to validate it.
Who needs RENTAL LISTING AGREEMENT (Designated Agent and Dual Agency)?
01
Property owners looking to rent out their property.
02
Real estate agents or agencies acting on behalf of the landlord.
03
Tenants seeking a rental property through the assistance of an agent.
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People Also Ask about
What is another name for dual agency?
“Disclosed limited agency” is just another name for dual agency. It is defined in Oregon law as: “a real property transaction in which the representation of the buyer and the seller or two buyers occurs within the same real estate business.” Clearly, dual agency in Oregon continues to be company-based.
What is the difference between dual agency and designated agency?
Dual agency involves a single agent representing both parties with shared fiduciary duties, while designated agency uses two separate agents to provide more distinct representation to the buyer and the seller.
What is the difference between single agency and dual agency?
"Dual agency" refers to an agent that works with both the buyer and seller of a home. Two agents can work for the same broker on the same transaction, causing a dual agency situation. Single agency refers to an agent or real estate broker that works with only one party in a real estate transaction.
What is the difference between a listing agreement and an agency agreement?
With an Exclusive Right to Sell agreement, the listing agent earns a commission no matter who sells the property — even if the seller finds the buyer. In contrast, with an Exclusive Agency agreement, the seller can avoid paying a commission if they find the buyer themselves, without any help from the agent.
What is the difference between sub-agency and dual agency?
Although a subagent cannot assist the buyer in any way that would be detrimental to the seller, a buyer customer can expect to be treated honestly by the subagent. A disclosed dual agent represents both the buyer and the seller in the same real estate transaction.
What is a dual agency agreement?
Dual agency occurs when a real estate agent works on behalf of both the home buyer and seller.
What is the difference between designated agency and dual agency?
Dual agency involves a single agent representing both parties with shared fiduciary duties, while designated agency uses two separate agents to provide more distinct representation to the buyer and the seller.
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What is RENTAL LISTING AGREEMENT (Designated Agent and Dual Agency)?
A Rental Listing Agreement (Designated Agent and Dual Agency) is a contractual agreement between a property owner and a real estate agent that outlines the terms under which the agent is authorized to lease the property. It defines the agent's role as a designated agent representing either the landlord or tenant, and it addresses the circumstances under which the agent may represent both parties in a dual agency situation.
Who is required to file RENTAL LISTING AGREEMENT (Designated Agent and Dual Agency)?
The property owner or landlord who wishes to list their rental property for lease is required to file a Rental Listing Agreement (Designated Agent and Dual Agency) with the real estate agent representing them.
How to fill out RENTAL LISTING AGREEMENT (Designated Agent and Dual Agency)?
To fill out a Rental Listing Agreement, the landlord should provide information such as the property address, rental price, lease terms, and any specific conditions. The agreement should also include the agent's details, the representation terms, and signatures from both the landlord and agent.
What is the purpose of RENTAL LISTING AGREEMENT (Designated Agent and Dual Agency)?
The purpose of a Rental Listing Agreement is to establish a formal relationship between the landlord and the real estate agent, granting the agent the authority to market and lease the property. It sets expectations, protects both parties, and ensures compliance with legal and ethical standards.
What information must be reported on RENTAL LISTING AGREEMENT (Designated Agent and Dual Agency)?
The information that must be reported on the Rental Listing Agreement includes property details (address, type, features), rental terms (monthly rent, deposit, lease duration), agent and broker details, owner's disclosures, and signatures of the involved parties.
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