What is Consent for Dual Agency?

The Maryland Real Estate Commission (MREC) administers the real estate laws enacted by the Maryland General Assembly.  Some of these laws regulate the way that real estate brokerage companies interact with the public.  Possibly the most important is the “agency disclosure” for consumers.  It is also the most difficult disclosure to explain to clients and customers.

There are two types of agents in a real estate transaction; a seller’s or landlord’s agent and a buyer’s or tenant’s  agent.  A seller or landlord working with a real estate agents is ALWAYS represented.  That’s because they sign an Exclusive Right to Sell Agreement or an Exclusive Right to Lease Agreement.  All of our seller and landlord clients also sign the Consent for Dual Agency disclosure.  It allows us to show their property to potential buyer or tenant clients who contact us through our marketing of the home.

A buyer or tenant may or may not be represented by an agent in the transaction.  A Buyer/Tenant client who signs an Exclusive Right to Represent the Buyer/Tenant Agreement with one of our agents may also need to sign the Consent for Dual Agency disclosure.  It is used when you want to see any property that is listed for sale or rent by  DMS Properties, LLC Residential Real Estate Services.  The disclosure simply explains the roles of real estate agents in a transaction.  It also discusses the fact that agents within our company may represent both parties (dual agency) in the transaction.

Please don’t hesitate to  Contact Us if you have any questions about this disclosure or the relationship between Real Estate Agents and their clients.  We will be happy to explain it to you.