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Davenport Donald

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An unique problem can occasionally occur where a real estate representative is contractually obliged to both celebrations in a property deal, as would be the case of a buyer's agent revealing one of their own listings. In this situation "twin firm" is claimed to exist. The real estate agent is a representative to both celebrations. When this condition arises, a real estate professional should divulge the dual firm problem as well as get authorization from both purchaser and seller that they accept this condition. In many states, failing to divulge twin agency is a violation of the legislation for which a property representative could shed their certificate, be fined, and potentially get a jail sentence. In a dual agency problem, the property agent acts as a neutral third party, not standing for the rate of interests of either event, however simply promoting the deal. Numerous customer supporters are not delighted with such setups because no one is looking after the best rate of interests

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