MD REC Consent for Dual Agency 2016-2025 free printable template
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STATE OF MARYLANDER ESTATE COMMISSIONConsent for Dual Agency
(In this form, the word seller includes landlord; buyer includes tenant; and purchase or sale includes lease)When Dual Agency May Occur
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How to fill out MD REC Consent for Dual Agency
How to fill out MD REC Consent for Dual Agency
01
Obtain the MD REC Consent for Dual Agency form from your real estate broker or the Maryland Real Estate Commission website.
02
Review the instructions on the form carefully to understand the requirements.
03
Fill out the property details, including the address and other identifying information.
04
Provide information about the buyer and seller, including names and contact details.
05
Specify the nature of the agency being created, indicating that you are entering a dual agency relationship.
06
Include signatures of both the buyer and seller to acknowledge understanding and agreement to the dual agency.
07
Date the form to indicate when it was completed.
08
Ensure that a copy is provided to all parties involved for their records.
Who needs MD REC Consent for Dual Agency?
01
Buyers and sellers involved in a real estate transaction where the same agent represents both parties need MD REC Consent for Dual Agency.
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What is MD REC Consent for Dual Agency?
MD REC Consent for Dual Agency is a legal document that allows a real estate agent to represent both the buyer and the seller in a real estate transaction, ensuring that both parties consent to this arrangement.
Who is required to file MD REC Consent for Dual Agency?
Both the real estate agent representing the dual agency and the parties involved in the transaction (buyer and seller) are required to file the MD REC Consent for Dual Agency.
How to fill out MD REC Consent for Dual Agency?
To fill out the MD REC Consent for Dual Agency, one must provide details such as the names of the parties involved, property information, the agent's details, and obtain signatures from all parties consenting to the dual agency.
What is the purpose of MD REC Consent for Dual Agency?
The purpose of MD REC Consent for Dual Agency is to ensure transparency in the transaction, protect the interests of both parties, and comply with legal requirements governing real estate transactions.
What information must be reported on MD REC Consent for Dual Agency?
MD REC Consent for Dual Agency must report information including the names of the buyer and seller, property address, the real estate agent's details, and confirmation of consent from both parties regarding the dual agency relationship.
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