Common use of Non-Agent Clause in Contracts

Non-Agent. Listing Licensee ------------------------------------------------------check one--------------------------------------------------- Listing Brokerage 180 181 182 183 184 185 186 187 188 189 FMAAR: BUYER LPA 4 (REV 9/2020) 190 ✘ Dual Agency representation does not apply in this transaction. Skip lines 193-207. 191 192 Dual Agency representation does apply in this transaction. Broker represents both the Seller(s) and the Buyer(s) of the property involved in this transaction, which creates dual agency. This means that Broker and its salespersons owe fiduciary duties to both Seller(s) and Buyer(s). Because the parties may have conflicting interests, Broker and its salespersons are prohibited from advocating exclusively for either party. Broker cannot act as a Dual Agent in this transaction without the consent of both Seller(s) and Buyer(s). Seller(s) and Buyer(s) acknowledge that:

Appears in 2 contracts

Sources: Land Purchase Agreement, Land Purchase Agreement