Showing Off Spencer-Discovering Spencer, the Brookfields, Worcester County, Massachusetts and New England

Establishing Dual Agency is a 3 Step process

When you decided to buy or sell Real Estate in Massachusetts, you often do this with the help of a Real Estate Agent.  Sometimes you find the agent through a referral from a friend,  family member, co worker etc, and sometimes you stumble upon them on the Web, sign call, open house or other.

signing paperworkAt your first face to face meeting the agent should disclose their agency relationship with you.  This is done on the Massachusetts Mandatory Agency Disclosure.  There are 5 types of agency that can be established.  Quite often single agency is established meaning that if you are a buyer the agent will disclose buyer agency, or if you are a seller the agent will establish seller agency.  However if the agent does both buyer and seller agency, they should also let you know Dual Agency could become a factor.  The proper ways to consent, notify, and establish dual agency is as follows.

 

1)       Consent to dual agency~When meeting with the agent a buyer or seller may decide to hire the agent to represent them, and sign a listing or buyer agent contract.  Quite often in the body of the contract it has a paragraph called consent to dual agency.  In this paragraph it informs you that dual agency may be created if the agent has a relationship with both the buyer and the seller.  Consent to dual agency is a written form that will be signed by the consumer.

 

2)      Verbal Notice to dual agency~ When an agent makes the appointment to show a house that they have listed and is the seller’s agent, to a buyer they have established buyer agency with, they now become dual, and should give verbal notice to both parties at the time of setting the showing.  This notifies the buyer and seller prior to the showing, that the agent is dual.

 

3)      Notice to dual agency~ If the buyer decides they like the house and wants to write an offer, the agent should have the buyer sign a notice to dual agency form first before writing the offer.  The agent will then present the notice to dual agency form first to the seller and obtain their signature prior to presenting the offer.

 

 

When the 3 step process is done properly, the consumers should be very aware that the agent is working with both parties, and is a dual agent.

 Pam Crawford

Pam Crawford, ABR,e-PRO®,CRS,CDPE,LMC

Owner, REALTOR®, Managing Partner, MBA, BSBA
RE/MAX Professional Associates

 

phone/fax (508)-784-0503    
e-mail: Pam@PamCrawford.com
www.PamCrawford.com
www.CrawfordRealtyTeam.com

 

QUICK LINKS:

Curious what your home is worth today? Find out here.

Start your FREE home search here.

If you like what you just read, subscribe to this blog.

 

If You Like This Post, Suggest It To Be Featured! 

 

Follow Me on Pinterest facebook twitter

Comment balloon 0 commentsPam Crawford • December 04 2014 03:20AM
Establishing Dual Agency is a 3 Step process
share
When you decided to buy or sell Real Estate in Massachusetts, you often do this with the help of a Real Estate Agent. Sometimes you find the agent through a referral from a friend, family member, co worker etc, and sometimes you stumble upon them… more
75 Patriot Way, Uxbridge Ma~4 Bedroom Colonial for sale
share
Check out this video of 75 Patriot Way http://www. pamcrawford. com/article/6471E4B4-7C4C-4B03-AD6A-ED9D0781C417/75-Patriot-Way, -Uxbridge, -Ma 4 Bedroom Colonial in sought after Uxbridge neighborhood. This spacious… more
Open Sunday 6/2/2013`Single Family Colonial in Worcester, Ma
share
RE/MAX Professional Associates Pamela Crawford Direct: 508-784-0503 Website or Mobile: http://www. pamcrawfordhomes. com/MPN71517362 E-mail: Pam@PamCrawford. com .. more
7 Questions to ask when selecting a Real Estate Agent
share
7 Questions to ask when selecting a Real Estate Agent If you're considering buying or selling a home, selecting a real estate agent is the first important decision you will have to make. While there are many qualified… more
Video Sneak Peek~Sturbridge 4 Bedroom Colonial for Sale
share
This 4 bedroom colonial is set on a private 1+ acre lot close to everything. It is just minutes to rt 90 MassPike east to Boston, West to New York, rt 84 south to Conneticut, Rt 295 south to Conneticut, and rt 146 to Rhode Island. Home is totally… more
3 Bedroom Cape in Holland Ma-Take a Sneak Peak
share
This is a Sneak Peak of a 3 Bedroom Cape in the Charming town of Holland, soon to hit the market. more
295 Wigwam Rd, West Brookfield-Open House May 1
share
Open House 295 Wigwam Rd West Brookfield, Ma May 1, 2011 11:00-12:30 This is a great 3 bedroom colonial on 5+ acres set back off the road. Very private location featuring beautiful grounds, over-sized shed… more
Sneak Peak-3 Bedroom Cape in Charlton
share
Charming 3-4 Bedroom Cape in Quiet Charlton Neighborhood more
Loft Condos-Worcester-Studio, 1 &2 Bedrooms-Starting at $109, 000
share
Open Sunday April 10th-2-4 pm 28 Adams St Unit 208 Worcester, MA 01604 Lg 2 bed/2bath condo Home… more
Rutland-3 Bedroom Colonial-Open Sunday 4/20 offered By the Crawford…
share
Type in your SEO text here… 16 Richards Ave Rutland, MA 01543 Beautiful Home! Home … more