Get the free DUAL AGENCY bDISCLOSUREb STATEMENT - Ohio bReal Estateb bb

AGENCY DISCLOSURE STATEMENT The real estate agent who is providing you with this form is required to do so by Ohio law. You will not be bound to pay the agent or the agents' brokerage by merely signing

How to fill out dual agency bdisclosureb statement

How to fill out dual agency disclosure statement:

1. Begin by obtaining a copy of the dual agency disclosure statement form. This form is typically provided by the real estate agent or broker handling the transaction.
2. Read the disclosure statement carefully to understand its purpose and the information it requires. The form aims to inform all parties involved in a real estate transaction about the potential risks and benefits of dual agency representation.
3. Fill out the header section of the form, which typically includes the names of the buyer and seller, the property address, and the date.
4. Identify the real estate agent or broker representing both the buyer and seller as the dual agent. Provide their contact information, including name, address, phone number, and email address.
5. Specify the property address and the type of real estate transaction involved (e.g., residential sale, commercial lease).
6. Indicate whether the buyer and seller have received separate written notices regarding the dual agency representation. If they have, provide the date of each notice.
7. Address any potential conflicts of interest that may arise due to the dual agency representation. Disclose any relationships or affiliations that may affect the agent's ability to fully represent the interests of both parties.
8. Sign and date the form once it is completed. In some cases, both the buyer and seller may be required to sign the disclosure statement.
9. Keep a copy of the filled-out disclosure statement for your records. It is recommended to make a copy for all parties involved in the transaction as well.

Who needs dual agency disclosure statement:

1. Buyers and sellers engaging in a real estate transaction guided by a real estate agent or broker should have a dual agency disclosure statement.
2. Real estate agents or brokers representing both the buyer and seller in a transaction are required to provide a dual agency disclosure statement.
3. Dual agency disclosure statements are necessary to ensure transparency and full disclosure of potential conflicts of interest to all parties involved in a real estate transaction.

For pdfFiller’s FAQs

What is dual agency disclosure statement?

Dual agency disclosure statement is a document that discloses the potential conflicts of interest that may arise when one agent represents both the buyer and seller in a real estate transaction.

Who is required to file dual agency disclosure statement?

Real estate agents or brokers who are representing both the buyer and seller in a transaction are required to file dual agency disclosure statement.

How to fill out dual agency disclosure statement?

The dual agency disclosure statement can be filled out by providing information about the parties involved, the property being bought or sold, any potential conflicts of interest, and signatures of all parties involved.

What is the purpose of dual agency disclosure statement?

The purpose of dual agency disclosure statement is to inform all parties involved in a real estate transaction about the potential conflicts of interest that may arise when one agent represents both the buyer and seller.

What information must be reported on dual agency disclosure statement?

The dual agency disclosure statement must include information about the property, the parties involved, any known conflicts of interest, and signatures of all parties.

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