Disclosure Statement
A clear disclosure that the broker will represent both parties, including an explanation of how that affects duties such as confidentiality, loyalty, and full disclosure; use plain language tailored to state requirements.
A signed agreement documents consent and reduces dispute risk by clarifying duties, compensation, and confidentiality. It creates a record that both parties were informed of the limits on negotiation and advocacy before significant reliance occurred.
Real estate brokers, listing and buyer agents, principals (buyer and seller), and in-house counsel commonly review and sign dual agency forms.
Ensure all signatories receive copies and retain them per state retention rules; obtain signatures prior to exchanging material confidential information.
A clear disclosure that the broker will represent both parties, including an explanation of how that affects duties such as confidentiality, loyalty, and full disclosure; use plain language tailored to state requirements.
A written, dated acknowledgment signed by buyer and seller stating they understand and consent to dual agency; explicit consent is required in many states.
Specific language describing what the broker will and will not do, including whether the broker will negotiate price or provide valuation advice to either party.
Detailed fee allocation and referral arrangements, including who pays commissions and how splits are calculated to avoid later disputes.
Statements about handling confidential information, what will be kept confidential, and what may be disclosed under law or client consent.
Choice-of-law, venue, and dispute resolution clauses such as mediation or arbitration, consistent with state consumer protection laws.
Electronic signatures and digital storage are widely accepted for dual agency agreements when ESIGN and state UETA/ESRA standards are satisfied.
Choose a platform that provides an audit trail with timestamps, signer attribution, and tamper-evident PDFs; verify HIPAA and BAA requirements only if storing protected health data alongside documents.
Obtain written consent before substantive negotiations or exchange of confidential information.
Retain the executed agreement per state and federal retention guidance described below.
Some MLS systems require disclosure uploads within a specified number of days after listing.
Ensure title and escrow receive a copy at least prior to closing instructions.
Provide requested records to regulators within the timeframe set by the issuing authority.
Founder Tim Martin used an electronic dual agency form for a residential sale to record consent and preserve a timestamped audit trail.
COO Brian Fitzgibbons reported using a standard dual agency disclosure across listings to ensure consistent language.
The licensed broker or authorized brokerage representative signs to acknowledge firm-level dual agency and to record brokerage supervision and compensation arrangements on behalf of the firm.
Buyer and seller principals or their duly authorized agents must sign to provide informed consent; signatures from unauthorized persons may not bind the represented party.