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What Is Dual Agency?

What Is Dual Agency? - Click Here for a current .pdf brochure

Agent

  • Act with honesty, good faith, reasonable skill and care.
  • Properly account for money or property.
  • Disclose all adverse material facts actually known or which reasonably should have been known.
  • Perform terms of written agreement
  • Conduct reasonable inspection of property& statements made by seller.
  • Advise client to obtain professional advice or counsel, when appropriate.
  • Request proof of buyer's financial ability to purchase.
  • Maintain confidentiality of client.
  • Seek acceptable buyer and negotiate.
  • Seek acceptable property and negotiate.

Limited Dual Agent

  • Act with honesty, good faith, reasonable skill and care.
  • Properly account for money or property
  • Disclose all adverse material facts actually known or which reasonably should have been known.
  • Perform terms of written agreement.
  • Conduct reasonable inspection of property and statement made by seller.
  • Advise client to obtain professional advice or counsel, when appropriate.
  • Request proof of buyer's financial ability to purchase.
  • Maintain confidentiality of clients.
  • Seek acceptable buyer, but cannot disclose that buyer is willing to pay more than that offered.
  • Seek acceptable property, but cannot disclose that seller is willing to accept less than that offered.
  • NO DUTY OF UNDIVIDED LOYALTY