How do you explain multiple representations?

Multiple Representation is when one agent acts for two or more parties to the same transaction.

How is dual representation by a broker and attorney allowed?

To understand how one’s dual representation as a buyer’s broker and attorney may not adequately represent their clients’ interests and create ethical violations, it is important to understand their roles in property transactions. Education: Real estate brokers and real estate agents are very similar.

Can a real estate agent be a broker and an attorney?

A Buyer’s Real Estate Broker (or Agent) and Buyer’s Attorney May Have Conflicting Interests To understand how one’s dual representation as a buyer’s broker and attorney may not adequately represent their clients’ interests and create ethical violations, it is important to understand their roles in property transactions.

Can a real estate agent represent both the buyer and the seller?

With dual agency, the Real Estate agent attempts to represent you, the seller, and the buyer, all at the same time, which is technically impossible. You cannot serve the best interests of both a buyer and a seller involved in the same transaction.

How are real estate agents deceive their seller clients?

See 5 ways real estate agents deceive their seller clients. Dual agency, open houses, and incorrect pricing are often where you’ll be tricked. Maximum Exposure Real Estate

What are the responsibilities of a real estate broker?

As part of the supervisory responsibilities for agents, the broker: Verifies continued licensing of all brokerage agents. Instructs and trains or provides training resources for agents. Is responsible for agent behavior, performance, and legal compliance. Provides some services and marketing resources for agents.