Are dual agency with limitations and transaction brokerage the same?
No, but these are very similar concepts in practice. In dual agency, which was removed as an option on October 1, 2008, and transaction brokerage, the brokerage and its industry members must treat both parties to the transaction in an even-handed, objective and impartial manner. Industry members cannot use discretion or judgment that benefits one client to the prejudice of the other client.
Related Questions
- Who signs the Transaction Brokerage Agreement for the brokerage, in a brokerage that practises designated agency, when one industry member represents both the buyer and seller in the same real estate trade?
- If dual agency with limitations is similar to transaction brokerage, what is different?
- Does transaction brokerage replace dual agency?
