Disclosed Dual Agent definition

Disclosed Dual Agent means that agent representing both parties to a real estate transaction with the informed consent of both parties, with written understanding of specific duties and representation to be afforded each party. There may be situations where disclosed dual agency presents conflicts of interest that cannot be resolved without breach of duty to one party or another. Brokers who practice disclosed dual agency should do so with the utmost caution to protect consumers and themselves from inadvertent violation of demanding common law standards of disclosed dual agency.
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Disclosed Dual Agent means that agent representing both parties to a real estate transaction with the informed consent of both parties, with written understanding of specific duties and representation to be afforded each party. There may be situations where disclosed dual agency presents conflicts of interest that cannot be resolved without breach
Sample 1
Disclosed Dual Agent. (Missouri properties only). Broker, Listing and Selling licensees are all acting as agents for both Buyer/Tenant and Seller/ Landlord. (Note: A separate disclosure form is required.) Payment of Commission. Seller’s and/or Buyer’s (including Designated) Agent(s) indicated above will be paid a commission on the closing of the sale of the property, as set forth herein. Seller to pay all Agents. Sellers and/or Buyers Agent(s) will be paid from the Seller’s funds at closing according to the terms of the Listing or other Commission Agreement. Buyer to pay Buyer’s Agent. Seller’s Agent, if any, will be paid from the Seller’s funds at closing according to the terms of the Listing Agreement. Buyer’s Agent will be paid from the Buyer’s funds according to the terms of the Buyer agency Agreement.
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Examples of Disclosed Dual Agent in a sentence

  • Kreps, SalespersonERA Real Estate Professionals, Brokerage FirmMadison County An investigation by the Real Estate Commission resulting from a formal complaint found Respondent Kreps acted as a Disclosed Dual Agent in a transaction, and failed to properly represent the buyers.

  • A Disclosed Dual Agent is a licensee who, with the informed written consent of the Seller and Buyer, is engaged as an agent for both Seller and Buyer.As a disclosed dual agent, the licensee shall not represent the interests of one party to the exclusion or detriment of the interests of the other party.

  • Designated Agent for the Buyer.Disclosed Dual Agent (for both parties), Disclosed Dual Agent (for both parties),with the consent of both the Buyer and the Seller with the consent of both the Buyer and the Seller in this transaction.

  • A Disclosed Dual Agent is a licensee who, with the informed written consent of the Seller and Buyer, is engaged as an agent for both Seller and Buyer.

  • I, (Name Of Licensee) As An Authorized Representative Of (Name Of Firm), Intend, As Of This Time, To Work With You As A: (Indicate One) Seller's/Landlord's (Circle One) Agent Only Seller's/Landlord's (Circle One) Agent And Disclosed Dual Agent If The Opportunity Arises Seller's/Landlord's (Circle One) Agent On Properties On Which This Firm Is Acting As The Seller's Agent And Transaction Broker On Other Properties.

  • Does your state Medicaid program cover Methadone for a substance use disorder (i.e., OTPs, Methadone Clinics)?⭘ Yes⭘ No, please explain why not.

  • There are four business relationships: (1) Seller's Agent; (2) Buyer's Agent; (3) Disclosed Dual Agent; and (4) Transaction Broker.Each or these relationships imposes certain legal duties and responsibilities on the licensee as well as on the Seller or Buyer represented.

  • Agent for the Buyer.Designated Agent for the Buyer.□ Disclosed Dual Agent (for both parties),with the consent of both the Buyer and the Seller in this transaction.

  • Disclosed Dual Agent (for both parties): Refers to a situation in which the licensee has agreements to provide services as an agent to more than one party in a specific transaction and in which the interests of such parties are adverse.

  • Although this Contract primarily provides for BROKER to serve exclusively as BUYER'S Agent, BUYER89 may also authorize the BROKER to serve as a Disclosed Dual Agent (Missouri only) or Transaction90 Broker with regard to properties listed for sale by BROKER.


More Definitions of Disclosed Dual Agent

Disclosed Dual Agent. A disclosed dual agent is a licensee who, with the informed written consent of Lessor and Lessee, is engaged as an agent for both Lessor and Lessee. As a disclosed dual agent, the licensee shall not represent the interests of one party to the exclusion or detriment of the interests of the other party. A disclosed dual agent has all the fiduciary duties to the Lessor and Lessee that a Lessor's or Lessee's agent has except the duties of full disclosure and undivided loyalty. A disclosed dual agent may not disclose: (a) To the Lessee that the Lessor will accept less than the asking or listed price, unless otherwise instructed in writing by the Lessor, (b) To the Lessor that the Lessee will pay a price greater than the price submitted in a written offer to the Lessor, unless otherwise instructed in writing by the Lessee: (c) The motivation of any party for selling, buying, or leasing a property, unless otherwise instructed in writing by the respective party; or (d) That a Lessor or Lessee will agree to financing terms other than those offered, unless otherwise instructed in writing by the respective party.
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Disclosed Dual Agent means a broker who works as an agent for both the buyer and seller. The broker must obtain the informed consent in writing
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Related to Disclosed Dual Agent

  • Dual agent means a licensee who has entered into an agency relationship with both the buyer and seller in the same transaction.

  • Disclosed Information means the information disclosed by a Party for the purpose of settlement, negotiation, Mediation or Arbitration;

  • Individual Agreement means an employment, consulting or similar agreement between a Participant and the Company or one of its Subsidiaries or Affiliates.

  • Disclosed Litigation has the meaning specified in Section 3.01(b).

  • Warranted Person means a person who is Warranted or who is employed by a person who is Warranted; and

  • Dual agency means an agency relationship in which a

  • Representative of a prospective contractor means an officer or director of a corporation, a member or manager of a limited liability corporation, a partner of a partnership or a trustee of a trust of the prospective contractor.

  • Disclosed Matters means the actions, suits and proceedings and the environmental matters disclosed in Schedule 3.06.

  • Adverse Person means any Person declared to be an Adverse Person by the Board of Directors upon a determination that the criteria set forth in Section 11(a)(ii)(B) apply to such Person.

  • Disclosed means disclosed in or pursuant to the Disclosure Letter with sufficient detail to enable a reasonable buyer to identify the nature of the matter disclosed.

  • Exchange Act Documents means all forms, proxy statements, registration statements, reports, schedules, and other documents, including all certifications and statements required by the Exchange Act or Section 906 of the Xxxxxxxx-Xxxxx Act with respect to any report that is an Exchange Act Document, filed, or required to be filed, by a Party or any of its Subsidiaries with any Regulatory Authority pursuant to the Securities Laws.

  • Related Persons means, with respect to any Person, each Affiliate of such Person and each director, officer, employee, agent, trustee, representative, attorney, accountant and each insurance, environmental, legal, financial and other advisor and other consultants and agents of or to such Person or any of its Affiliates.

  • Designated Person means a person or entity:

  • Excepted Person Defined in Section 13.13(a).

  • appointed person means the person given the authority to assess, plan and organise the work; to select suitable or appropriate plant and equipment, to ensure statutory documentation is current and in order; to provide instruction and supervision for the work to be undertaken safely; and tostop the work whenever he considers danger is likely to arise if it were to be continued.

  • Agent’s Information means, solely, the following information in the Prospectus: the third sentence of the eighth paragraph and the tenth paragraph under the caption “Plan of Distribution” in the Prospectus. This indemnity agreement will be in addition to any liability that the Company might otherwise have.

  • Permitted Person means – the Representatives of the Recipient; and any other person to whom the Recipient discloses Confidential Information with the prior written consent of the Disclosing Party;

  • Borrower Information has the meaning given that term in Section 2.5.(c).

  • disclosure period means the period commencing on 11 July 2016 (being the date 12 months prior to the commencement of the Offer Period) and ending on the Disclosure Date;

  • Guardian ad litem means an individual whom the court appoints to assist the court in determining the child's best interests. A guardian ad litem does not need to be an attorney.

  • Additional Agent means any one or more agents, trustees or other representatives for or of any one or more Additional Credit Facility Creditors, and shall include any successor thereto, as well as any Person designated as an “Agent” under any Additional Credit Facility.

  • Licensed person means an individual who is licensed or otherwise legally authorized to practice a professional service by a court, department, board, commission, or an agency of this state or another jurisdiction, any corporation or professional services corporation all of whose shareholders are licensed persons, any partnership all of whose partners are licensed persons, or any limited liability company all of whose members and managers are licensed persons.

  • Tax Filing Authorised Person means such person as any Director shall designate from time to time, acting severally.

  • E-Auction Process Information Document means this document including all the appendices hereto, for the purposes of setting out the process for submission of a bid and selection of Successful Bid in accordance with the provisions of the IBC and shall include all supplements, modifications, amendments, alterations or clarifications thereto issued in accordance with the terms hereof.

  • Key Information Document means the key information document which aims to provide clear and comparable information about a product in a stand-alone, standardised document.

  • Designated Party means any person listed: