Duties of a Dual Agent and Intra-Company Agent
Like other agents, unless the client gives consent to disclose the information, dual agents and intra-company agents must keep confidential information about a client’s bargaining position or motivations. For example, without written consent of the client, a dual agent or intra-company agent may not disclose to the other party, or the other party’s agent:
1) Anything the client asks to be kept confidential; *
2) That the seller would accept a lower price or other terms;
3) That the buyer would accept a higher price or other terms;
4) The reasons why a party wants to sell or buy, or that a party needs to sell or buy quickly; or
5) Anything that relates to the negotiating strategy of a party.
* Dual agents and intra-company agents must disclose material facts about a property to all parties.
How Dual Agents Are Paid
Only the broker receives compensation on the sale of a property listed by that broker.
If a financial bonus is offered to an agent who sells property that is listed with his/her broker, this fact must be disclosed in writing to both the buyer and seller.
Consent for Dual Agency
I have read the above information, and I understand the terms of the dual agency. I understand that I do not have to consent to a dual agency and that if I refuse to consent, there will not be a dual agency; and that I may withdraw the consent at any time upon notice to the dual agent. I hereby consent to have
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act as a Dual Agent for me as the |
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Seller in the sale of the property at: |
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Buyer in the purchase of a property listed for sale with the above-referenced broker. |
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AFFIRMATION OF PRIOR CONSENT TO DUAL AGENCY
• The undersigned Buyer(s) hereby affirm(s) consent to dual agency for the following property:
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• The undersigned Seller(s) hereby affirm(s) consent to dual agency for the Buyer(s) identified below:
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