Get the free Dual Agency Disclosure Addendum To Purchase Agreement (RPF-52) - mnbar

M.S.B.A. Real Property Form No. 52 (1996, Revised 2004, 2011) Minn. Stat. 82.67. Sub. 4 (2010) Page 1 of 1 DUAL AGENCY DISCLOSURE ADDENDUM TO PURCHASE AGREEMENT 1 2 3 Seller and Buyer have no obligation

How to fill out dual agency disclosure addendum

How to fill out dual agency disclosure addendum:

1. Review the purpose of the dual agency disclosure addendum. Understand that this addendum is used when a real estate agent or broker represents both the buyer and the seller in a transaction. It is important to disclose this dual agency relationship to both parties involved.
2. Obtain the dual agency disclosure addendum form. This form may be provided by your real estate brokerage or local real estate association. Make sure you have the most up-to-date version of the form.
3. Read the instructions carefully. The dual agency disclosure addendum form will likely come with instructions on how to fill it out correctly. Follow these instructions closely to ensure accurate completion of the addendum.
4. Identify the parties involved. Fill in the names, contact information, and roles (buyer/seller) for all individuals who will be part of the transaction. This includes both the buyer and seller, as well as any additional agents or brokers involved.
5. Disclose the dual agency relationship. Clearly indicate on the addendum that the agent or broker will be representing both the buyer and the seller. This disclosure ensures that all parties are aware of the potential conflicts of interest that may arise.
6. Obtain signatures. Once the dual agency disclosure addendum is filled out, ensure that all necessary parties sign and date the form. This includes the agent or broker, the buyer, and the seller. Keep copies of the signed addendum for your records.
7. Provide copies to all parties involved. Distribute copies of the filled-out dual agency disclosure addendum to the buyer, seller, and any other relevant individuals. It is essential that all parties have a clear understanding of the dual agency relationship and have access to the relevant documentation.
8. Consult with legal professionals if needed. If you have any concerns or questions about filling out the dual agency disclosure addendum, seek guidance from legal professionals familiar with real estate law. They can provide you with specific advice and ensure that you comply with all applicable regulations.

Who needs dual agency disclosure addendum:

1. Real estate agents or brokers who are representing both the buyer and the seller in a transaction. This may occur when the same agent/broker is working with a buyer who is interested in purchasing a property listed by the same agent/broker.
2. Buyers and sellers who are involved in a transaction where the same agent or broker represents both parties. It is crucial for both the buyer and the seller to be aware of and consent to the dual agency relationship before proceeding with the transaction.
3. Real estate professionals and consumers who want to ensure transparency and compliance with regulations regarding dual agency. The dual agency disclosure addendum provides a clear record of the relationship and can protect all parties involved in the transaction.

For pdfFiller’s FAQs

How do I modify my dual agency disclosure addendum in Gmail?

The pdfFiller Gmail add-on lets you create, modify, fill out, and sign dual agency disclosure addendum and other documents directly in your email. Click here to get pdfFiller for Gmail. Eliminate tedious procedures and handle papers and eSignatures easily.

How can I send dual agency disclosure addendum to be eSigned by others?

dual agency disclosure addendum is ready when you're ready to send it out. With pdfFiller, you can send it out securely and get signatures in just a few clicks. PDFs can be sent to you by email, text message, fax, USPS mail, or notarized on your account. You can do this right from your account. Become a member right now and try it out for yourself!

Can I create an electronic signature for signing my dual agency disclosure addendum in Gmail?

It's easy to make your eSignature with pdfFiller, and then you can sign your dual agency disclosure addendum right from your Gmail inbox with the help of pdfFiller's add-on for Gmail. This is a very important point: You must sign up for an account so that you can save your signatures and signed documents.

What is dual agency disclosure addendum?

Dual agency disclosure addendum is a document that discloses the representation of both the buyer and seller by the same real estate agent or brokerage.

Who is required to file dual agency disclosure addendum?

Both the real estate agent or brokerage representing the buyer and seller are required to file the dual agency disclosure addendum.

How to fill out dual agency disclosure addendum?

The dual agency disclosure addendum should be filled out by providing information about the represented parties, explaining the potential conflicts of interest, and obtaining signatures from all parties involved.

What is the purpose of dual agency disclosure addendum?

The purpose of the dual agency disclosure addendum is to inform all parties involved in a real estate transaction about the dual representation and potential conflicts of interest that may arise.

What information must be reported on dual agency disclosure addendum?

The dual agency disclosure addendum must include the names of the buyer and seller, the real estate agent or brokerage representing both parties, a statement of dual agency, and any potential conflicts of interest.