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18 search results, Residential plots for sale in Kira Wakiso (Sponsored)
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WHAT IS DUAL AGENCY IN REAL ESTATE AND HOW DOES IT WORK?
Real estate transactions can be complicated and confusing, especially for first-time buyers or sellers. One term that often comes up in real estate is "dual agency." In this blog, we will discuss what dual agency means in real estate and how it works.
What is Dual Agency?
Dual agency occurs when a real estate agent represents both the buyer and the seller in the same transaction. This means that the agent is acting as a representative for both parties and owes them both a fiduciary duty. A fiduciary duty means that the agent must act in the best interest of their clients, including protecting their confidential information, negotiating on their behalf, and disclosing any relevant information about the property.
Dual agency is legal in many countries. In countries where dual agency is allowed, the agent must disclose this to both the buyer and the seller and obtain their written consent before proceeding with the transaction.
How Does Dual Agency Work?
When an agent represe
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