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RESCINDED Appendix 1301:5607AGENCY DISCLOSURE STATEMENT The real estate agent who is providing you with this form is required to do so by Ohio law.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'

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How to fill out dual agency disclosure statement

01

To fill out the dual agency disclosure statement, follow these steps:

02

Start by obtaining a copy of the dual agency disclosure statement form.

03

Read the instructions and familiarize yourself with the content of the form.

04

Fill in the date and the names of all parties involved in the dual agency transaction.

05

Clearly state the name of the real estate brokerage and the name of the dual agent.

06

Provide a detailed description of the property involved in the transaction.

07

Indicate whether the dual agent will represent both the buyer and the seller or only one party.

08

If there are any conflicts of interest, disclose them in a separate section.

09

Make sure all parties involved sign and date the completed form.

10

Keep a copy of the filled-out dual agency disclosure statement for your records.

11

Submit the completed form to the relevant real estate agency or broker.

Who needs dual agency disclosure statement?

01

The following parties typically need to fill out a dual agency disclosure statement:

02

- Real estate agents or brokers acting as dual agents, representing both the buyer and the seller in a transaction.

03

- Buyers and sellers who are engaging in a real estate transaction where the same agent or broker is representing both sides.

04

- Individuals or entities involved in real estate transactions where a conflict of interest may be present due to the dual agency representation.

05

Note: The specific requirements for using a dual agency disclosure statement may vary by jurisdiction, so it is advisable to consult local real estate regulations or seek legal counsel for accurate and up-to-date information.

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What is dual agency disclosure statement?

The dual agency disclosure statement is a document that discloses the potential conflict of interest when a real estate agent or broker 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 represent both the buyer and seller in a real estate transaction are required to file the dual agency disclosure statement.

How to fill out dual agency disclosure statement?

The dual agency disclosure statement should be filled out by providing relevant information about the property, parties involved, and the potential conflict of interest.

What is the purpose of dual agency disclosure statement?

The purpose of the dual agency disclosure statement is to inform the parties involved in a real estate transaction about the potential conflict 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, and the potential conflict of interest.

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