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Clear Footprint Form Save Form DBR 9-Page 1 of 3 Pages AGENCY/POLICY DISCLOSURE AND DUAL AGENCY POTENTIAL/CONSENT AGREEMENT REQUIRED TO BE PROVIDED TO EACH PARTY IN A TRANSACTION (Should be presented

How to fill out dual agency disclosure statement

How to fill out dual agency disclosure statement

1. To fill out a dual agency disclosure statement, follow these steps:
2. Obtain the dual agency disclosure form from your real estate agent or brokerage.
3. Read the form carefully to understand the implications of dual agency.
4. Fill in your personal information, such as your name, address, and contact details.
5. Identify the property for which you are seeking dual agency representation.
6. Acknowledge that you understand the potential conflicts of interest involved in dual agency.
7. Sign and date the disclosure form to indicate your agreement.
8. Make a copy of the completed form for your records.
9. Submit the original disclosure form to your real estate agent or brokerage.
10. Keep a copy of the signed disclosure form in case it is needed in the future.
11. Please note that this is a general guide, and it is always advisable to consult with a legal professional or your real estate agent for specific instructions and requirements.

Who needs dual agency disclosure statement?

1. A dual agency disclosure statement is needed in situations where a real estate agent or brokerage represents both the buyer and the seller in a transaction.
2. Both the buyer and the seller need to be made aware of the potential conflicts of interest that may arise from dual agency, and the disclosure statement ensures that this information is provided to both parties.
3. The disclosure statement is typically required by law to ensure transparency and informed decision-making during real estate transactions involving dual agency.
4. It helps protect the rights and interests of all parties involved by disclosing any potential bias or conflicts that may exist due to the agent representing both sides of the transaction.

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What is dual agency disclosure statement?

A dual agency disclosure statement is a document that discloses the potential for conflict of interest when a real estate agent represents both the buyer and seller in a transaction.

Who is required to file dual agency disclosure statement?

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

How to fill out dual agency disclosure statement?

To fill out a dual agency disclosure statement, the agent must disclose their dual representation to both parties, explain the potential conflicts of interest, and obtain consent from both parties.

What is the purpose of dual agency disclosure statement?

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

What information must be reported on dual agency disclosure statement?

The dual agency disclosure statement must include the names of the parties involved, the property address, the agent's dual representation, potential conflicts of interest, and consent from both parties.