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DUAL AGENCY DISCLOSURE for Blue Bell and Conshohockenl, PA Offices (Rev. 42921)This disclosure regarding Dual Agency and Designated Agency is required by law. Property Address: ___ Seller(s) Name:
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How to fill out dual agency disclosure
How to fill out dual agency disclosure
01
Ensure all parties involved in the transaction are aware of the dual agency disclosure requirement.
02
Provide a copy of the dual agency disclosure form to both the buyer and seller.
03
Clearly explain the implications of dual agency to both parties, including potential conflicts of interest.
04
Have both parties sign and date the dual agency disclosure form to acknowledge their understanding and agreement to proceed with a dual agency relationship.
Who needs dual agency disclosure?
01
Real estate agents who are representing both the buyer and seller in a transaction.
02
Buyers and sellers who agree to have the same real estate agent represent them in a transaction.
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What is dual agency disclosure?
Dual agency disclosure refers to the process of informing all parties involved in a real estate transaction that the agent represents both the buyer and the seller, creating a situation where the agent has a dual role.
Who is required to file dual agency disclosure?
Real estate agents or brokers who represent both the buyer and the seller in a transaction are required to file dual agency disclosures.
How to fill out dual agency disclosure?
To fill out a dual agency disclosure, the agent must provide details about the transaction, including the names of the parties involved, the properties in question, and a declaration of the dual agency status, along with obtaining signatures from both parties.
What is the purpose of dual agency disclosure?
The purpose of dual agency disclosure is to ensure transparency and inform all parties about the agent's dual role, promoting fair practice and minimizing potential conflicts of interest.
What information must be reported on dual agency disclosure?
Information that must be reported includes the names of the parties involved, the nature of the agency relationship, property details, and any terms and conditions that may apply.
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