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NOTIFICATION OF DUAL AGENCY WITHIN A TEAM
Under Maryland law, a team that provides real estate brokerage services must consist of
two or more associate brokers or salespersons, or a combination of
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How to fill out notification of dual agency
How to fill out a notification of dual agency:
01
Write your name and contact information at the top of the form.
02
Include the date on which you are submitting the notification.
03
Clearly indicate the parties involved in the dual agency, including the names and contact information of both the buyer and the seller.
04
Specify the address or location of the property that is the subject of the dual agency.
05
State the reason for the dual agency, whether it is due to representation by the same real estate agent or brokerage, or any other relevant circumstances.
06
Provide a detailed explanation of how the dual agency will be handled, ensuring transparency and addressing any potential conflicts of interest.
07
Sign and date the notification form to indicate that you understand and acknowledge the situation.
08
Make a copy of the completed notification for your records.
Who needs a notification of dual agency?
01
Anyone involved in a real estate transaction where a dual agency is present should be aware of and provide a notification of dual agency.
02
Both the buyer and the seller should be informed and may need to sign the notification form to acknowledge their understanding of the dual agency.
03
Real estate agents or brokerages who are representing both the buyer and the seller in a transaction are responsible for providing the notification of dual agency.
It is crucial to follow these steps and ensure that all parties involved are fully aware of the dual agency to maintain transparency and address any potential conflicts of interest.
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What is notification of dual agency?
Notification of dual agency is a form that must be filed when an agent is representing both the buyer and seller in a real estate transaction.
Who is required to file notification of dual agency?
The agent who is representing both the buyer and seller in a real estate transaction is required to file notification of dual agency.
How to fill out notification of dual agency?
Notification of dual agency can be filled out by providing the necessary information about the transaction, including the names of the parties involved and details of the property.
What is the purpose of notification of dual agency?
The purpose of notification of dual agency is to inform all parties involved in a real estate transaction that the agent is representing both the buyer and seller.
What information must be reported on notification of dual agency?
Information such as the names of the parties involved, the address of the property, and the commission being earned by the agent must be reported on notification of dual agency.
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