Law College

in a dual agency situation, if it is permitted by state law, a broker may represent both the seller and the buyer in the same transaction provided a) the broker informs either the buyer or the seller of this fact.
b) the buyer and the seller are related by blood or marriage.
c) both parties consent in writing to the dual agency.
d) both parties are represented by attorneys.

Answers

Answer 1

In a dual agency situation, if it is permitted by state law, a broker may represent both the seller and the buyer in the same transaction provided both parties consent in writing to the dual agency.

A dual agent is a real estate agent who works for both the buyer and the seller in the same transaction. Dual agency occurs when a real estate broker represents both parties in a single transaction. The dual agency may occur when the buyer and seller have the same real estate agent or when both parties have agents who work for the same broker. Dual agency is only allowed with the consent of both parties in most states.

The real estate agent who serves as a dual agent is required by law to inform both the buyer and seller of the dual agency, as well as obtain written consent from both parties if the law permits dual agency. A written disclosure must be signed by both the seller and the buyer before the transaction can proceed. In conclusion, in a dual agency situation, if it is permitted by state law, a broker may represent both the seller and the buyer in the same transaction provided both parties consent in writing to the dual agency.

To learn more about Dual agency visit here:

brainly.com/question/28222956

#SPJ11

Related Questions

Other Questions
The water-supply manager for dallas needs to supply the city with at least 19 million gallons of potable water per day. the supply may be drawn from the local reservoir or from a pipeline to an adjacent town. the local reservoir has a maximum daily yield of 20 million gallons of potable water, and the pipeline has a maximum daily yield of 13 million gallons. by contract, the pipeline is required to supply a minimum of 7 million gallons per day. if the cost for 1 million gallons of reservoir water is $290 and the cost for 1 million gallons of pipeline water is $365, how much water should the manager get from each source to minimize daily water costs for the city? what is the minimum daily water cost? Answer the following 4 questions that are based on this scenario: Vivian follows up with her PCP for her hypothyroidism. She is 60 years old and was diagnosed with hypothyroidism when she sought treatment for dry skin and thinning hair. Her symptoms have improved since her levothyroxine was increased to 125 mcg one year ago. She reports no current syymptoms. What would be the best CC for Vivian's visit? A) Hypothyroidism followup B) Dry skin and thinning hair C) Annual physical D) Followup E) None of the above A(n) ________ is like an alias. Once this property is established, every object you create will display this instead of the field name. when using host-based findings, which of these needs to be turned on to toggle the inclusion of fixed vulnerabilities in the report? Explain the importance of Great Awakening George Whitefield Enlightenment Benjamin Franklin Jonathan Edwards John Locke Find the remaining zeros of f(x) given that c is a zero. Then rewrite f(x) in completely factored form. f(x)=x 3x 2+16x20;c=5 is a zero Identify all the remaining zeros. x= (Use a comma to separate answers as needed.) Write the completely factored form of f(x). f(x)= blake's bake shop makes croissants that cost $1.75 each. past experience shows that 10% of the croissants will spoil and have to be discarded. assuming blake wants a 45% markup based on cost and produces 300 croissants, each croissant should sell for: Abody moves on a coordinate line such that it has a position s =f(t)=t 2 3t+2 on the interval 0t9, with sin meters and t in seconds. a. Find the body's displacement and average velocity for the given time interval. b. Find the body's speed and acceleration at the endpoints of the interval. c. When, if ever, during the interval does the body change direction? Let A={46,51,55,70,80,87,98,108,122} and R be an equivalence relation defined on A where aRb if and only if ab mod 4. Show the partition of A defined by the equivalence classes of R. what strategies& opportunities could a service excellenceCommittee concider to overcome the issues of high employeeturnover? Identify whether each scenario describes a drawback or an advantage of trade regulation. ThermodynamicsAir initially at 30 psia and 0.69 ft^3, with a mass of 0.1 lbm, expands at constant pressure to a volume of 1.5 ft^3. It then changes state at constant volume until a pressure of 15 psia is reached. If the processes are quasi-static. Determine:a) The total work, in Btub) The total heat, in Btuc) The total change in internal energy Two people fast for 5 days and then eat 250 grams of glucose. One person has Type 1 diabetes (and does not take any medication) and the other person does not have diabetes.a) Contrast the physiologic changes that would occur in these individuals over the first two hours after eating the glucose in the context of changes in circulating insulin, ketone, free fatty acid, glycerol, and glucose levels.b) How will the rate of glucose oxidation change in red blood cells for both individuals? (answer in one sentence)c) How will the rate of glucose production from fatty acid substrates change in the liver for both individuals? (answer in one sentence) the fact that depressed children in thailand are less likely to engage in ""acting out"" behavior due to a cultural emphasis on internalizing problems illustrates the concept of norms. It is difficult to compare financial data between companies when each company ______. Even though _____________ was never as commercially successful as Paul Whiteman or Benny Goodman, his contributions as bandleader, arranger and talent scout were critical to the popularity of jazz in the 1930s and 1940s. A 6.4 KD protein is digested with trypsin to generate fragments with masses of 666 Da, 721 Da, 759 Da, 844 Da, 912 Da, 1028 Da and 1486 Da. a. Draw an SDS-PAGE of the peptides and label each band with the appropriate mass. Be sure to include a standard ladder on your gel. what is the lowest temperature to which a vapor mixture of 1 mole n pentane and 2 moles n hexane at 1 bar can be brought without forming liquid the planer water jet is deflected by a fixed vane. what are the x- and y-component of force per unit width needed to hold the vane stationary? neglect gravity. Which digestive organ has both Endo Crine and exocrinefunctions