Caveat REALTOR®

Caveat REALTOR®: Dual vs Designated Agency


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This week, the Virginia REALTORS®’s legal team discusses agency, which is one of the most popular topics on the legal hotline. Austin and Cate discuss the distinction between dual and designated agency in real estate transactions. They review some legal hotline questions, such as “When representing a seller and a buyer as a dual agent, should I disclose to the buyer that the seller has told me that the property will go to foreclosure in 30 days?” Finally, Austin and Cate review some ways agents can limit their risk when engaging in dual or designated agency, such as by establishing clear office policies.
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Caveat REALTOR®By Virginia REALTORS® Podcast Network

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