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COMMERCIAL DUAL AGENCY ADDENDUM(Note: The purpose of this Addendum is to address dual agency disclosure requirements in connection with the use of forms
other than North Carolina Association of REALTORS
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How to fill out dual agency addendum
How to fill out dual agency addendum
01
To fill out the dual agency addendum, follow these steps:
02
Start by writing the date on the top of the addendum.
03
Enter the names of the buyer and the seller involved in the transaction.
04
Provide the address of the property being bought or sold.
05
Clearly state the terms and conditions of the dual agency agreement, including any limitations or exclusions.
06
Make sure both parties sign and date the addendum.
07
Keep a copy of the completed addendum for your records.
Who needs dual agency addendum?
01
The dual agency addendum is needed in real estate transactions where a real estate agent or brokerage represents both the buyer and the seller simultaneously. It is used to disclose the agency relationship and ensure both parties are aware of the potential conflicts of interest that may arise.
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What is dual agency addendum?
Dual agency addendum is a legal document that discloses the involvement of a real estate agent representing both the buyer and seller in a transaction.
Who is required to file dual agency addendum?
The real estate agents who are involved in a transaction where they represent both the buyer and the seller are required to file the dual agency addendum.
How to fill out dual agency addendum?
To fill out the dual agency addendum, the real estate agent must disclose their representation of both parties in the transaction and provide any relevant information regarding the dual agency relationship.
What is the purpose of dual agency addendum?
The purpose of the dual agency addendum is to ensure transparency and disclosure in real estate transactions where the agent represents both the buyer and seller.
What information must be reported on dual agency addendum?
The dual agency addendum must include details about the parties involved, the property in question, and the nature of the dual agency relationship.
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