Question

What is the difference between dual agency and dual representation?

Answer 1

A dual agent has an agency relationship under the brokerage agreements with the clients. A dual representative has an independent contractor relationship under the brokerage agreements with the clients.

What is brokerage agreements?

An official contract between the buyer/seller and the broker is the brokerage agreement. This Agreement will serve as the basis for determining which obligations each party had under the Agreement in the event that a dispute should arise between the Parties.

the main tabs. A broker is described as a person or organization that negotiates contracts and serves as a middleman between a buyer and a seller in exchange for a fee. Contrary to an agent who represents a principal party in a deal, a broker is an independent party to a transaction.

The part of the real estate industry that involves property management or real estate sales, exchanges, purchases, and leases is known as real estate brokerage.

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