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EN DISCLOSURE THAT BROKER IS A TRANSACTION BROKER FOR ONE PARTY AND A SINGLE-PARTY BROKER FOR THE OTHER PARTY To: (Name of Party) The Broker named below is providing services for the other party as a Single-Party Broker. The Broker is providing services to you as a Transaction Broker. In this event the Broker is required to disclose to you the difference between a Transaction Broker and a Single-Party.

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The agent is obligated to a duty of obedience. The customer is not responsible for the acts of the licensee. The answer is the customer is not responsible for the acts of the licensee. The duty of obedience is unique to the single agent relationship.

There are two main types of agency when it comes to real estate: single agency (where an agent/broker exclusively represents your interest), and dual agency (where either one agent represents both buyer and seller, or, one agent represents the seller and one represents the buyer but both agents are with the same ...

A written agreement is any documented agreement between you and the buyer, whereas a buyer broker agreement is a specific type of written agreement that outlines the terms of your brokerage services, compensation, and duration of agreement.

Brokerage Relationship A relationship created by a written brokerage agreement. between a client and a broker where the client. authorizes the broker to provide real estate brokerage. services in a residential real estate transaction.

B. A broker may cooperate with other brokers in a transaction. Pursuant to Sections 858-351 through 858-363 of The Oklahoma Real Estate License Code, a broker shall not be an agent, subagent, or dual agent and an offer of subagency shall not be made to other brokers.

Definition: the broker does not represent the customer (customer may be the buyer or the seller) Pronunciation: \ˈbrō-k(ə-)rij\ \ri-ˈlā-shən-ˌship\

The definition of the Oklahoma Broker Relationships Act is a state statute that requires a real estate company representing both parties of a transaction to notify those parties in writing that the company is representing each party before entering into any agreement.

Transaction brokers have no legal obligation to stand up for their customers and negotiate the “best deal” while single agents have such an obligation.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232