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Designated Agency Disclosure Purchase Addendum Property Address: THIS ADDENDUM is to be a part of and incorporated into the listing Contract between Key Realty One as Selling Broker and as Buyers(s)
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How to fill out designated agency disclosure purchase
How to fill out designated agency disclosure purchase:
01
Begin by obtaining a designated agency disclosure purchase form from your real estate agent or brokerage. This document is crucial in ensuring transparency and communication in a real estate transaction.
02
Read the form thoroughly to understand the purpose and implications of designated agency disclosure. It is important to have a clear understanding before proceeding.
03
Fill in your personal information accurately, including your name, contact details, and any other required identifying information.
04
Indicate the property address for which the designated agency disclosure purchase form applies. This ensures that the document is specific to the property in question.
05
Identify the real estate brokerage involved in the transaction. Provide the name and contact information of both the listing brokerage and the buyer's brokerage (if applicable).
06
It is essential to disclose any potential conflicts of interest. This can include situations where the listing brokerage or buyer's brokerage represents both the buyer and the seller, creating a dual agency scenario.
07
If you are working with a designated agent, indicate their name, contact details, and any relevant affiliations.
08
Sign and date the designated agency disclosure purchase form. This signifies your acknowledgement and agreement to the terms and conditions outlined within the document.
09
Submit the completed form to your real estate agent or brokerage. Ensure that you retain a copy for your records.
Who needs designated agency disclosure purchase:
01
Buyers or sellers who are entering into a real estate transaction utilizing the services of a real estate agent or brokerage.
02
Individuals who wish to establish a clear understanding of their agent's role and responsibilities in representing their interests during the transaction.
03
Anyone desiring transparency and full disclosure when it comes to potential conflicts of interest that may arise in the transaction process.
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What is designated agency disclosure purchase?
Designated agency disclosure purchase is a form used in real estate transactions to disclose representation obligations.
Who is required to file designated agency disclosure purchase?
Real estate agents or brokers are required to file designated agency disclosure purchase.
How to fill out designated agency disclosure purchase?
Designated agency disclosure purchase should be filled out with the relevant information about the property and parties involved.
What is the purpose of designated agency disclosure purchase?
The purpose of designated agency disclosure purchase is to clarify the agency relationship between the parties in a real estate transaction.
What information must be reported on designated agency disclosure purchase?
The designated agency disclosure purchase form requires information about the property, parties involved, and the type of agency representation.
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