The Number One Success System Gifting
Tommy Lee
noss1233 at gmail.com
Fri Oct 19 09:37:48 GMT 2007
http://www.noss123.com/
Dual agency occurs when the same brokerage represents both the seller and
the buyer under written agreements. Individual state laws vary and interpret
dual agency rather differently.
Many states no longer allow dual agency. Instead, *Transaction
Brokerage*(see above) provides the Buyer and Seller with a limited
form of
representation, but *without any fiduciary obligations* (see Florida law).
Buyers and sellers are generally advised to consult a licensed real estate
professional for a written definition of an individual state's laws of
agency, and many states require written Disclosures to be signed by all
parties outlining the duties and obligations.
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