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Does transaction brokerage replace dual agency?

April 26, 2017agency brokerage dual replace transaction

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Does transaction brokerage replace dual agency?

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Yes, on October 1, 2008, transaction brokerage replaced dual agency with limitations. Transaction brokerage is an option for buyers and sellers when a brokerage represents a seller with whom it has an agency relationship and a buyer with whom it has an agency relationship is interested in the seller’s property. Interested means the buyer has expressed an interest in purchasing the seller’s property.