MASSACHUSETTS CONSENT to DUAL AGENCY Mass Gov Mass Form
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People also ask
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Can a real estate agent represent themselves in Massachusetts?
The simple answer is yes – as a licensed agent, you can represent yourself in buying or selling real estate for yourself, so long as you disclose that you representing yourself upfront in the deal. But it's not as easy as just getting your real estate license! -
What is the difference between dual agency and dual representation?
A dual agent has an agency relationship under the brokerage agreements with the clients. A dual representative has an independent contractor relationship under the brokerage agreements with the clients. -
Is it a good idea to have a dual agent?
Dual agents can streamline the home sale process, helping you sell your home faster and with less hassle. However, since they represent the buyer too, your real estate agent may not be willing to negotiate a higher price with the buyer. -
Whose job is it to act as a middleman in a transaction?
However, remember that with escrow, the escrow agent acts as a sort of neutral middleman between both parties involved in a contract, such as a buyer and seller. Their fiduciary duty is to both parties. -
Does MA allow dual agency?
In Massachusetts Disclosed Dual Agency is legal, provided there exists full disclosure and written informed consent to the dual agency by both the Buyer and the Seller in a specific transaction. A Dual Agent has a duty of confidentiality and accounting to both parties. -
Is dual agency legal in the US?
In other words, a dual agent represents both the buyer and seller in a real estate deal. Dual agency is illegal in the following eight states: Wyoming, Alaska, Vermont, Colorado, Flroida, Maryland, Texas, and Kansas. All the other states and the District of Columbia, permit dual agency. -
What are the lawful duties owed to an unrepresented buyer by a seller's agent?
What are the lawful duties owed to an unrepresented buyer by a seller's agent? fair and honest dealing and disclosure of material facts about the property The legal duties owed by the seller's agent are fair and honest dealing and disclosure of material facts. Loyalty and fidelity would imply an agency relationship. -
Can a real estate agent represent themselves in Massachusetts?
The simple answer is yes – as a licensed agent, you can represent yourself in buying or selling real estate for yourself, so long as you disclose that you representing yourself upfront in the deal. But it's not as easy as just getting your real estate license!
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