Can a person act as an agent for both the seller and the buyer?

Dual agent A real estate agent may act as a double agent representing both the buyer and the seller in a real estate transaction but only with both parties' express consent. A dual agent shall be neutral concerning any conflicting interests of the seller and buyer.

US Legal Forms
Localized Forms
Pennsylvania
Philadelphia
Agreement between Real Estate Sales Representative and Broker

Philadelphia Pennsylvania Agreement between Real Estate Sales Representative and Broker

Name: Philadelphia Pennsylvania Agreement between Real Estate Sales Representative and Broker
Brand: US Legal Forms
Rating: 4.65 (434 reviews)

Category:

Real Estate - Home Sale

State:

Multi-State

County:

Philadelphia

Control #:

US-13354BG

Format:

Instant download

Description

A real estate salesperson, or real estate agent, works with clients to help them buy, sell or rent real estate properties. They use their in-depth knowledge of the real estate market to help clients find or sell property, and guide them through the process of finalizing purchases or sales.

View Bronx Acuerdo y Satisfacción y Liberación entre el Empleador y el Empleado Ejecutivo de conformidad con el Acuerdo de Cesantía

View this form

View Orange Acuerdo y Satisfacción y Liberación entre el Empleador y el Empleado Ejecutivo de conformidad con el Acuerdo de Cesantía

View this form

View Nassau Acuerdo y Satisfacción y Liberación entre el Empleador y el Empleado Ejecutivo de conformidad con el Acuerdo de Cesantía

View this form

View Franklin Acuerdo y Satisfacción y Liberación entre el Empleador y el Empleado Ejecutivo de conformidad con el Acuerdo de Cesantía

View this form

View Travis Acuerdo y Satisfacción y Liberación entre el Empleador y el Empleado Ejecutivo de conformidad con el Acuerdo de Cesantía

View this form

How to fill out Philadelphia Pennsylvania Agreement Between Real Estate Sales Representative And Broker?

Preparing legal documentation can be cumbersome. Besides, if you decide to ask a legal professional to draft a commercial agreement, documents for ownership transfer, pre-marital agreement, divorce papers, or the Philadelphia Agreement between Real Estate Sales Representative and Broker, it may cost you a fortune. So what is the most reasonable way to save time and money and draw up legitimate forms in total compliance with your state and local laws and regulations? US Legal Forms is a great solution, whether you're searching for templates for your personal or business needs.

US Legal Forms is largest online library of state-specific legal documents, providing users with the up-to-date and professionally verified forms for any use case accumulated all in one place. Therefore, if you need the latest version of the Philadelphia Agreement between Real Estate Sales Representative and Broker, you can easily locate it on our platform. Obtaining the papers takes a minimum of time. Those who already have an account should check their subscription to be valid, log in, and pick the sample by clicking on the Download button. If you haven't subscribed yet, here's how you can get the Philadelphia Agreement between Real Estate Sales Representative and Broker:

Look through the page and verify there is a sample for your area.
Check the form description and use the Preview option, if available, to ensure it's the template you need.
Don't worry if the form doesn't satisfy your requirements - search for the correct one in the header.
Click Buy Now once you find the needed sample and pick the best suitable subscription.
Log in or register for an account to pay for your subscription.
Make a payment with a credit card or via PayPal.
Opt for the document format for your Philadelphia Agreement between Real Estate Sales Representative and Broker and save it.

Once finished, you can print it out and complete it on paper or upload the template to an online editor for a faster and more practical fill-out. US Legal Forms allows you to use all the paperwork ever acquired multiple times - you can find your templates in the My Forms tab in your profile. Try it out now!

Form Rating

4.65

Satisfied(434)

Form popularity

FAQ

Dual Agent A dual 1 agent may not take any action that is adverse or detrimental to either party but must disclose known material defects about the property. A licensee must have the written consent of both parties before acting as a dual agent.

(a) A licensee may act as a dual agent if both parties consent in writing. (b) In addition to the duties required in § 35.292 (relating to duties of licensees generally), a dual agent owes the additional duties of: (1) Taking no action that is adverse or detrimental to either party's interest in the transaction.

The brokerage agreement is a formal agreement between the buyer/seller and the broker. If any dispute should arise between these two parties, this agreement will be the source to understand which duty each party had in the agreement.

Dual agent A real estate agent may act as a double agent representing both the buyer and the seller in a real estate transaction but only with both parties' express consent. A dual agent shall be neutral concerning any conflicting interests of the seller and buyer.

In Pennsylvania, it is illegal for an agent to accept compensation for acting as a buyer agent without a written and signed buyer agency contract.

"Dual agency" refers to an agent that works with both the buyer and seller of a home. Two agents can work for the same broker on the same transaction, causing a dual agency situation. Single agency refers to an agent or real estate broker that works with only one party in a real estate transaction.

It is shockingly not uncommon in Pennsylvania for a real estate agent and broker to represent both the seller and the buyer in the consummation of the same residential real estate transaction.

A brokerage agreement is a type of contract wherein one party agrees to act as a sales agent of another, who is called the principal.

To protect your finances and ensure you are selling or buying at the best possible price, it is probably best to avoid dual agency. Buyers or sellers may be inclined to work with a dual agent because they want to obtain confidential information about the person buying or selling the home.

A property agent would be committing a dual representation offence if he represents both parties in the same transaction. In other words, an agent cannot represent both buyer and seller, or both tenant and landlord in the same property transaction.

When you list a property with an agent you are listing your home with the broker and all of the brokerage's agents are working on your behalf and are bound to act in your best interest. Dual representation takes place when another agent from the same brokerage brings a buyer to purchase a home.

Interesting Questions

More info

2. Complete 75 hours of official pre-licensing classes. Pennsylvania requires 75 hours of education, which you can take in a classroom or online.PA Broker Pre-Licensing. As a real estate agent in Pennsylvania, payment for your services is almost always contingent on the sale of a property. Call your Elfant Wissahickon REALTOR to get more information and to get started. Official website of the City of Philadelphia, includes information on municipal services, permits, licenses, and records for citizens and businesses. Real estate brokers usually need a few years of experience as a real estate agent before they can move up to real estate broker status. Real estate brokers and sales agents must be licensed. CBRE is the global leader in commercial real estate services and investments.

Philadelphia Pennsylvania Agreement between Real Estate Sales Representative and Broker

Description

Related forms

How to fill out Philadelphia Pennsylvania Agreement Between Real Estate Sales Representative And Broker?

Show more info

Form Rating

Form popularity

FAQ

Is dual agency allowed in Pennsylvania?

Does Pa allow dual agency in real estate?

What is a broker to broker agreement?

Can a person act as an agent for both the seller and the buyer?

Is a buyer agency contract required in Pennsylvania?

What is the difference between single agency and dual agency?

Can a real estate agent represent both buyer and seller in Pennsylvania?

What is a brokerage service agreement?

Is a dual agent a good idea?

Can an agent represent both buyer and seller?

What is the difference between dual agency and dual representation?

Interesting Questions

What is the Philadelphia Agreement between a Real Estate Sales Representative and Broker781259?

What is the purpose of the Philadelphia Agreement?

What are the key terms usually covered in the Philadelphia Agreement?

Can the commission rate be negotiated in the Philadelphia Agreement?

What happens if either party breaches the terms of the Philadelphia Agreement?

Is the Philadelphia Agreement a binding contract?

More info

Trusted and secure by over 3 million people of the world’s leading companies