Tagged : transaction brokerage

Found 1 blog entry tagged as "transaction brokerage".

In a case filed this year against one of New York's most prestigious Real Estate companies, Houlihan Lawrence, plaintiffs are arguing that the brokerage duped them into signing dual agency forms. Dual agency is when a Real Estate agent can represent both the buyer and the seller in a single transaction, which means that neither party has the benefit of full-disclosure, loyalty, or confidentiality. The agent is working for the deal, not for the people involved. The law in New York states that both the buyer and seller must be fully informed if a Real Estate agent is acting as a dual agent. While the case is still pending and it's possible the plaintiffs did sign documentation that their agent was acting a dual agent, it doesn't mean they understood the

1,699 Views, 0 Comments

Sign up for email updates