2,177,453
In Florida, we are considered transaction brokers by law, so yes, we can and there are no special disclosures. Florida's transaction brokerage is explained as follows:
A transaction broker provides a limited form of representation that includes the following duties:
1. Dealing honestly and fairly.
2. Accounting for all funds,
3. Using skill, care, and diligence in the transaction;
4. Disclosing all known facts that materially affect the value of residential real property and are not readily observable to the buyer;
5. Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing;
6. Limited confidentiality, unless waived in writing by a party. This limited confidentiality will prevent disclosure that the seller will accept a price less than the asking or listed price, that the buyer will pay a price greater than the price submitted in a written offer, or the motivation of any party for selling or buying property, that a seller or buyer will agree to financing terms other than those offered, or of any other information requested by a party to remain confidential; and
7. Any additional duties that are entered into by separate written agreement.
Limited representation means that a buyer or seller is not responsible for the acts of the licensee. (note: however they would be in a fiduciary relationship) Additionally, parties are giving up their rights to the undivided loyalty of the licensee. This aspect of limited representation allows a licensee to facilitate a real estate transaction by assisting both the buyer and the seller, but a licensee will not work to represent one party to the detriment of the other part when acting as a transaction broker to both parties.
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Mike Cooper, Broker VA,WV
Winchester, VA
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Debra Leisek
Homer, AK
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Buzz Mackintosh
Frederick, MD
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Kevin J. May
Hobe Sound, FL
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
1,346,255
Yes, dual agency is allowed, when disclosed to both parties. Do the dual agents always disclose how it will impact their services, probably not.
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
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Ron and Alexandra Seigel
Carpinteria, CA
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Bob "RealMan" Timm
Minot, ND
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Buzz Mackintosh
Frederick, MD
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Michael Jacobs
Pasadena, CA
19,237
As long as the seller and buyer sign an agreement stating that they are ok with it, we can in SC
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
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Ricardo Mello
Manhattan, NY
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Bob "RealMan" Timm
Minot, ND
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Buzz Mackintosh
Frederick, MD
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Michael Jacobs
Pasadena, CA
4,670,926
Disclosed Dual Agency is allowed in California.
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
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Ron and Alexandra Seigel
Carpinteria, CA
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Bob "RealMan" Timm
Minot, ND
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Buzz Mackintosh
Frederick, MD
1,263,091
Yes in Florida, I have done it but it is not a fun thing
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Buzz Mackintosh
Frederick, MD
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
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Peter Mohylsky, Beach ...
Miramar Beach, FL
2,467,480
Yes in North Dakota Buzz Mackintosh
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Buzz Mackintosh
Frederick, MD
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Abby Stiller
Cape Coral, FL
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
8,047,512
You have provided the answer for Maryland.
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Buzz Mackintosh
Frederick, MD
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Michael Jacobs
Pasadena, CA
1,594,354
Yes Dual Agency is ethically performed and legally allowed in San Diego, CA and CA at large. I've done it for 20 years but understand others can't or don't know how so they poo-poo it ignorantly.
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Debra Leisek
Homer, AK
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Buzz Mackintosh
Frederick, MD
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Debe Maxwell, CRS
Charlotte, NC
5,583,758
yes... the state of MA allows dual agency.... the todaro team DOES NOT PARTICIPATE IN THAT TYPE OF LACK OF REPRESENTATION.... you can't be on both sides and say you represented both... if there's an issue, you have a big problem...no thanks....the only reason agents do that is to get the full commission.... we like to co-broke....
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Buzz Mackintosh
Frederick, MD
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
445,888
Dual agency is allowed in KY with disclosure (in writing obviously).
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Buzz Mackintosh
Frederick, MD
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
1,713,576
We are a transactional state.
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Buzz Mackintosh
Frederick, MD
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
5,393,914
Dual agency is allowed in Illinois and Florida. The approach is different, but the concept is the same.
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Buzz Mackintosh
Frederick, MD
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
2,267,886
Washington State: Yes.
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Buzz Mackintosh
Frederick, MD
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
925,698
Yes in VA, if seller allows dual agency, and with proper disclosures.
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Buzz Mackintosh
Frederick, MD
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
5,037,690
Yes in Texas, as a intermediary not a dual aent.
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Buzz Mackintosh
Frederick, MD
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
564,544
Yes, disclosed dual agency is permitted.
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Buzz Mackintosh
Frederick, MD
-
Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
1,513,143
Yes with informed and signed consent.
The team concept also has a dual agency with a designated agent for both sides. This also helps them with the coming soon listing.
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Buzz Mackintosh
Frederick, MD
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
554,600
In Washington State, we can represent both. Although many sellers do not like this idea, our statutory laws allow it.
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Buzz Mackintosh
Frederick, MD
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
1,760,725
Yes. Buzz, the disclosures are similar in VA.
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Buzz Mackintosh
Frederick, MD
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Debe Maxwell, CRS
Charlotte, NC
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Nina Hollander, Broker
Charlotte, NC
74,935
Unfortunately yes
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Abby Stiller
Cape Coral, FL
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Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
1,598,552
Yes.
Great answers.
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Valeria Mola
Sunny Isles Beach, FL
2,071,135
Yes.
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
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Valeria Mola
Sunny Isles Beach, FL
810,105
1,399,753
Disclosed Dual Agency is legal in California.
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Buzz Mackintosh
Frederick, MD
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Debe Maxwell, CRS
Charlotte, NC
921,504
You bet. Agent can get two sides. How many sides they keep is discretionary.
That means the broker gets two sides also.
The other two sides of this hexagon of a transaction goes to the money people.
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Buzz Mackintosh
Frederick, MD
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Nina Hollander, Broker
Charlotte, NC
5,773,919
Yes, and it is disclosed up the ying yang. In commercial real estate transactions, they are real estate attorneys on both sides monitoring, so it is not a big deal whether a buyer is represented by an agent or not. We had amazingly great real estate attorneys on both sides that knew that the object of the whole thing is not to play games, but to make the deal happen. And the agents we were blessed to work with were the same way. A
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Buzz Mackintosh
Frederick, MD
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Nina Hollander, Broker
Charlotte, NC
1,106,303
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES beat me to it! Nothing I can add to her comment...
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Silvia Dukes PA, Broke...
Spring Hill, FL
2,224,569
As long as it's disclosed and explained to all parties in the transaction.
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Anthony Acosta - ALLAT...
Atlanta, GA
1,153,799
No comment necessary Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES has Florida covered!
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Buzz Mackintosh
Frederick, MD
5,397,976
2,820,530
Yes however competence is required or problems can surface quickly
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Buzz Mackintosh
Frederick, MD
1,862,762
Yes, we discussed this a few days ago.
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Debe Maxwell, CRS
Charlotte, NC
5,222,695
Yes, but it's disclosed and signed off on the disclosure.
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Buzz Mackintosh
Frederick, MD
5,947,897
We can. On the listing agreement, there is a radial button if the seller does accept being transactional. There would need to be a status change form sent to the seller if this does change.
3,986,413
914,893
Yes, in Connecticut it's called Dual Agency, but all parties need to agree in writing.
3,204,571
yes, buyer can be a customer or agent can be a dual agent and buyer can also be a client. However in my office we tend to not do dual agency. Generally the buyer is assigned to another agent and it's "designated" agency.
5,183,940
Yes we can..it's called Intermediary and both seller and buyer must gie us permission through the listing agreement for the seller and the buyer's agency agreement with a buyer.
667,111
1,527,374
3,396,434
5,109,739
4,800,232
3,416,159
Yes of course. Mot often when a listing agent and a buyer reaches out without a buyer agent. The buyer signs the agency agreement and i can be a transactional broker. Showing them my listing, writing their offer but doing so without representing the buyer.
6,589,445