Get the free NOTICE OF DUAL AGENCY - Forms for Real Estate

G R E A T E R B O S T O N R E A L E S T A T E B O A R D NOTICE OF DUAL AGENCY To be given when the clients have previously given their informed consent to Dual Agency The Broker previously explained

How to fill out notice of dual agency

How to fill out a notice of dual agency:

1. Obtain the notice of dual agency form from your local real estate association or regulatory body. This form is typically required when a real estate agent represents both the buyer and the seller in a transaction.
2. Fill in the date of the notice at the top of the form. This is the date when the notice is being provided to both parties involved in the transaction.
3. Clearly state the names of the real estate agent or agency representing both the buyer and the seller. Include their contact information such as phone number and email address.
4. Specify the property address for which the notice of dual agency is being provided.
5. Provide a brief explanation or disclosure of the dual agency relationship. This should include the acknowledgment that the agent or agency will be representing both parties in the transaction and that they have obtained the informed consent of both parties.
6. Ensure that the notice is signed by both the buyer and the seller, indicating their understanding and agreement to the dual agency representation.
7. Retain a copy of the notice for your records and provide a copy to both the buyer and the seller. It is important to keep a clear and documented trail of the dual agency disclosure.

Who needs notice of dual agency?

1. Buyers and sellers involved in a real estate transaction where the same agent or agency is representing both parties.
2. Real estate agents or agencies who have entered into a dual agency agreement with both the buyer and the seller.
3. Regulatory bodies and local real estate associations often require the use of a notice of dual agency in order to ensure transparency and proper disclosure in real estate transactions.

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What is notice of dual agency?

Notice of dual agency is a disclosure form used in real estate transactions to inform all parties involved that the real estate agent represents both the buyer and the seller.

Who is required to file notice of dual agency?

Real estate agents who are acting as dual agents are required to file notice of dual agency.

How to fill out notice of dual agency?

Notice of dual agency can be filled out by providing details about the property, the buyers, the sellers, and the terms of the dual agency agreement.

What is the purpose of notice of dual agency?

The purpose of notice of dual agency is to ensure transparency and disclose potential conflicts of interest in a real estate transaction.

What information must be reported on notice of dual agency?

The notice of dual agency must include information about the property, the parties involved, the agent's representation of both parties, and any potential conflicts of interest.