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CRC REALTY, INC. 227 COX CREEK PARKWAY FLORENCE, ALABAMA 35630 STATE OF ALABAMA COUNTY OF LIMITED CONSENSUAL DUAL AGENCY AGREEMENT The following Limited Consensual Dual Agency Agreement is entered

How to fill out limited consensual dual agency

How to fill out limited consensual dual agency:

1. Begin by obtaining the necessary forms from your real estate agent or brokerage. These forms typically include a limited consensual dual agency agreement, which outlines the terms and conditions of the arrangement.
2. Review the agreement carefully to ensure you understand the rights and responsibilities associated with limited consensual dual agency. If you have any questions or concerns, consult with a legal professional or ask your real estate agent for clarification.
3. Fill in the required information on the agreement, such as your name, the name of the real estate agent or brokerage, and the property address. Be sure to provide accurate and up-to-date information.
4. Go through the terms and conditions of the limited consensual dual agency agreement and make any necessary selections or choices. This may include specifying the duration of the agreement or indicating any restrictions or preferences you have.
5. Once you have completed filling out the agreement, review it one final time to ensure all information is correct and accurate. If any changes or adjustments are required, make them before signing the document.
6. Sign the limited consensual dual agency agreement, indicating your consent to the terms and conditions outlined. It is essential to understand that by signing this agreement, you are giving consent for the real estate agent or brokerage to act as a dual agent for both the buyer and the seller.

Who needs limited consensual dual agency?

1. Buyers and sellers engaged in a real estate transaction where the same real estate agent or brokerage is representing both parties may require limited consensual dual agency.
2. In cases where a real estate agent or brokerage represents both the buyer and the seller, limited consensual dual agency protects the interests of both parties and ensures a fair and equitable transaction.
3. Limited consensual dual agency can be beneficial for individuals who trust and have a pre-existing relationship with their real estate agent or brokerage, as it allows them to continue working together while ensuring transparency and impartiality in the transaction.

For pdfFiller’s FAQs

What is limited consensual dual agency?

Limited consensual dual agency is when a real estate agent represents both the buyer and seller in a transaction with the consent of both parties, but with limited responsibilities compared to a traditional dual agency.

Who is required to file limited consensual dual agency?

Real estate agents who engage in limited consensual dual agency are required to file the necessary documentation with the appropriate regulatory body or real estate board.

How to fill out limited consensual dual agency?

To fill out limited consensual dual agency forms, agents must provide details of the transaction, obtain consent from both parties, and ensure all legal requirements are met.

What is the purpose of limited consensual dual agency?

The purpose of limited consensual dual agency is to allow a single agent to facilitate a transaction between a buyer and seller while disclosing the limited nature of their representation to both parties.

What information must be reported on limited consensual dual agency?

Information such as the names of the buyer and seller, details of the property, consent forms from both parties, and any other relevant information must be reported on limited consensual dual agency forms.

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