This form appoints a person to act as a representative for the franchisor within a certain area.
Maine Area Representative Agreement
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How to fill out Area Representative Agreement?
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FAQ
In certain situations a licensee may act as an agent for and represent both the buyer and the seller in the same transaction. This is called disclosed dual agency. Both the buyer and the seller must consent to this type of representation in writing.
Permissible tasks by an unlicensed assistant include: 1. General clerical duties such as typing of letters and filing; 2. Answering phone calls, arranging appointments and showings; 3.
Written brokerage agreements must include a statement disclosing the real estate brokerage agency's policy on cooperating with and compensating other real estate brokerage agencies in the sale or purchase of real estate.
A real estate brokerage agency may act as a disclosed dual agent only with the informed written consent of all parties.
"Appointed agent" means that affiliated licensee who is appointed by the designated broker of the affiliated licensee's real estate brokerage agency to act solely for a client of that real estate brokerage agency to the exclusion of other affiliated licensees of that real estate brokerage agency.
Dual agency occurs when a real estate agent works on behalf of both the home buyer and seller. In most real estate transactions, it is much more common to have separate agents represent each party, as this helps avoid the conflict of interest that can happen when an agent negotiates for both sides.
In Massachusetts Disclosed Dual Agency is legal, provided there exists full disclosure and written informed consent to the dual agency by both the Buyer and the Seller in a specific transaction. A Dual Agent has a duty of confidentiality and accounting to both parties.
A real estate brokerage agency may act as a disclosed dual agent only with the informed written consent of all parties.