District of Columbia Offer to Purchase Real Property with No Broker
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How to fill out Offer To Purchase Real Property With No Broker?
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FAQ
There are primarily two ways a real estate agent in Maryland can represent one side of the transaction. An agent can represent the seller or the buyer. A Maryland real estate agent cannot represent both.
What type of clause allows a broker to collect a commission for some period of time after the listing expires? a deed restriction.
A commission may be earned after the listing period expires pursuant to the safety clause. The seller may owe compensation to the broker if certain persons purchase after the expiration of the listing. This provision is often called a safety or protection clause.
In DC, an individual licensed real estate person can be a dual agent. That individual must maintain the confidentiality of each client. In reality, the individual dual agent acts as a facilitator/mediator for that transaction.
Dual Agents in MarylandDual agency arises when the buyer's agent and seller's agent work for the same real estate brokerage in Maryland. Both the buyers and sellers must agree to Dual Agency by signing the Consent for Dual Agency disclosure.
agent is a person who does not represent the customer as an agent of that client.
In DC and Virginia, it is legal for one agent to act as a Dual Agent and represent both parties. In DC & Virginia, if two agents have the same Managing Broker, the agents are considered Designated Agents. In all cases, both parties must consent, in writing, to agree to dual agency.
Which type of agreement assures that a broker will receive compensation regardless of who procures the buyer? property flyers.
Washington state allows dual-agency. From The Law Of Real Estate Agency pamphlet, Duties of a Dual Agent: Notwithstanding any other provision of this chapter, a licensee may act as a dual agent only with the written consent of both parties to the transaction.
Dual agency is when a single real estate agent represents both the buyer and the seller in a real estate transaction. It can also occur when an agent represents both the landlord and the tenant, or when the same real estate company represents both parties in a purchase and sale or rental transaction.
