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Dual Agency and the Real Estate Agent

When buying a home, many Buyers’ agents are treated like members of the family: they’re trusted implicitly. Many, perhaps most, do the right thing deal after deal. However, when it comes to real estate agents, caution is the watchword.

Dual Agency is a circumstance whereby one real estate agent is used to transact the purchase of a parcel, as opposed to the traditional circumstance where Buyer and Seller each have their own agent.

Dual Agency is not allowed in all States. Having an agent represent your side of the transaction exclusively does not guarantee that your interests will be memorialized during the transaction, but it increases your chances!

Although not the preferred way to purchase real estate, there are situations where dual agency cannot be avoided. In other words, some properties can only be obtained under this legal regime.

In these cases, you’re within your rights to require a third party to review the transaction. Reduce the chance of being victimized by accessing the legal solutions offered by Timely Contract.

Timely Contract® Legal Solutions

  • TC Review: Review of contracts or documents to which you’re committed.
  • TC Drafting: Custom document drafting for a document as unique as your real estate transaction.
  • TIER®: Basic legal due diligence regarding exceptions to title insurance.
  • TIER Plus®: Customized legal due diligence regarding risks of federal, State, Tribal, or local rules, regulations, and laws.

Use Timely Contract to avoid common legal risks of the real estate transaction … and sleep better at night!

This posting is not legal advice. Legal advice is based on specific facts. This information is necessarily general in nature.

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