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Thursday, November 21, 2019

What is the mean by Dual agency in real estate?

If you are searching for the meaning of Dual agency in real estate and also a definition of Dual agency,  then this blog post is helpful for you

Definition

Representing the buyer and the seller in the same transaction by the same agent. Since there is an inherent conflict in fiduciary obligations to two different principals, dual agency, at best, is a risky undertaking. TRELA requires that all parties to a dual agency have full knowledge and consent (Disclosed Dual Agency). Contrast with an intermediary.

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