Get the free Dual Agency Form - Independent Realty Group

DUAL / DESIGNATED AGENCY Disclosure Notice and Consent Agreement Given to Persons Represented by the Same Brokerage Firm: Independent Realty Group Property Address: Seller (Landlord): Buyer (Tenant):

How to fill out dual agency form

How to fill out a dual agency form:

1. Obtain the form: Start by obtaining a dual agency form, which can usually be obtained from your real estate agent or brokerage firm. Make sure you have the updated and appropriate version of the form.
2. Read and understand the form: Before filling out the form, take the time to thoroughly read and understand its contents. Familiarize yourself with the terms and conditions, as well as any legal obligations or disclosures involved in the dual agency arrangement.
3. Provide personal information: Begin by providing your personal information, such as your full name, contact details, and any other requested information related to your identity.
4. Disclose agency relationships: Indicate whether you are the buyer, seller, or both in the real estate transaction. Clearly disclose any existing agency relationships you have with the agent or brokerage involved in the transaction.
5. Acknowledge understanding: Sign the form to acknowledge that you have read and comprehend the implications and potential conflicts of interest that may arise from dual agency. By signing, you are confirming that you consent to the agent or brokerage acting as a dual agent in the transaction.
6. Seek legal advice if necessary: If you have any doubts or concerns about signing a dual agency form, it is advisable to consult with a real estate attorney to ensure you fully understand the legal implications and consequences.
7. Keep a copy: After filling out the form and obtaining any required signatures, make sure to keep a copy for your records and provide the original to the appropriate party, such as your agent, broker, or the escrow officer.

Who needs dual agency form?

1. Homebuyers: Homebuyers who are working with an agent or brokerage and find themselves interested in a property listed by that same agent or brokerage may need to fill out a dual agency form. This form discloses the potential conflict of interest that can arise when the agent represents both the buyer and seller in the transaction.
2. Home sellers: Similarly, home sellers who are represented by an agent or brokerage and receive an offer from a buyer who is also represented by the same agent or brokerage may need to fill out a dual agency form. This form ensures transparency and acknowledges the potential for conflicts of interest in the transaction.
3. Real estate agents and brokerages: Agents and brokerages must also ensure that all necessary parties involved in a dual agency arrangement fill out the required form. This helps protect both the agents and their clients by documenting their knowledge and consent to the dual agency relationship.

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What is dual agency form?

A dual agency form is a document used in real estate transactions when one agent represents both the buyer and the seller.

Who is required to file dual agency form?

The real estate agent or broker who is acting as a dual agent is required to file the dual agency form.

How to fill out dual agency form?

The dual agency form must be filled out with all relevant information regarding the transaction, including the names of the buyer and seller, the property address, and any potential conflicts of interest.

What is the purpose of dual agency form?

The purpose of the dual agency form is to disclose to both parties in the transaction that the agent is representing both sides, and to ensure transparency and fairness in the transaction.

What information must be reported on dual agency form?

The dual agency form must include the names of the buyer and seller, the property address, any potential conflicts of interest, and the agent's contact information.