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STATE OF MARYLAND REAL ESTATE COMMISSION Consent for Dual Agency (In this form, the word seller includes landlord ; buyer includes tenant ; and purchase or sale includes lease) When Dual Agency May

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How to fill out consent for dual agency

How to fill out consent for dual agency:

01

Obtain the necessary forms: Start by obtaining the consent forms for dual agency from either your real estate agent or the real estate brokerage. These forms are typically specific to each state or locality, so make sure to use the appropriate forms for your area.

02

Fill in your personal information: Provide your full name, address, and contact information. This is important for identifying yourself as the party granting consent for dual agency.

03

Identify the agents and broker: Include the names and contact information of the real estate agents and the brokerage involved in the dual agency transaction. This helps establish their roles and responsibilities in the transaction.

04

Read and understand the terms: Take the time to carefully read and understand the terms and conditions outlined in the consent form. This includes any potential conflicts of interest that may arise from the dual agency arrangement.

05

Seek legal advice if necessary: If you have any doubts or concerns about the consent form, it is advisable to seek legal advice. An attorney with experience in real estate transactions can review the document and provide any necessary guidance.

Who needs consent for dual agency:

01

Homebuyers: Buyers who are working directly with a real estate agent may need to give their consent for dual agency if the agent is also representing the seller in the same transaction. This ensures that the buyer acknowledges and understands that their agent has a dual role in the transaction.

02

Sellers: Sellers who have listed their property with a real estate agent and agree to a dual agency arrangement must also provide consent. This demonstrates that the seller is aware that their agent will be representing both parties and has agreed to such an arrangement.

03

Real estate agents and brokerages: Agents and brokerages who engage in dual agency must also obtain consent from all parties involved. This helps to establish transparency and ensures that all parties are fully aware of the potential conflicts of interest that can arise from dual agency.

It is important to note that the laws and regulations regarding dual agency can vary by jurisdiction. Therefore, it is always recommended to consult with a real estate professional or attorney who is well-versed in local regulations to ensure compliance and understanding of the consent process.

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What is consent for dual agency?

Consent for dual agency is a form signed by both the buyer and seller giving permission for the real estate agent to represent both parties in a transaction.

Who is required to file consent for dual agency?

Both the buyer and seller are required to file consent for dual agency.

How to fill out consent for dual agency?

To fill out consent for dual agency, both parties must sign the form and provide any necessary information requested.

What is the purpose of consent for dual agency?

The purpose of consent for dual agency is to ensure that both parties are aware and agree to the same agent representing both sides of the transaction.

What information must be reported on consent for dual agency?

The consent for dual agency form must include the names of the buyer, seller, and the real estate agent, as well as the property address and transaction details.

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