| Kenilworth realtor and broker-manager Michelle David | | | | A. The realtor may only disclose confidential |
| of RE/MAX Supreme answers questions sellers and | | | | information to the other party if he or she has |
| buyers have regarding dual agency. | | | | express written permission from the other party. |
| Frequently Asked Real Estate Questions | | | | Q. What happens if my agent discloses something I |
| Q. If I am a buyer do I need to complete dual | | | | didn't authorize? |
| agency consent? | | | | A. If your agent has told the other party something |
| A. Yes, both sellers and buyers must complete the | | | | he or she shouldn't have, you can call the broker who |
| disclosures. This gives the agent permission to work | | | | can reprimand the agent. |
| for the buyer and seller in a real estate transaction. | | | | Q. When do I sign consent to dual agency |
| Q. Isn't there a conflict of interest if a sales associate | | | | agreement? |
| represents both seller and buyer? | | | | A. A seller signs an Informed Consent to Dual |
| A. Realtors have a fiduciary duty to be honest to all | | | | Agency disclosure when the rest of the listing |
| parties in real estate matters. Although being a dual | | | | paperwork is signed. A buyer signs a similar disclosure |
| agent has, according to the New Jersey Association | | | | when they view a property that is listed by the |
| of Realtors, Inc. (NJAR) a potential for a conflict of | | | | same realtor. |
| interest, the sales associate must be fair and not | | | | Kenilworth Real Estate Agent |
| disclose any information that would cause a | | | | If you are asked to sign a document that you don't |
| disadvantage to either party. | | | | understand, you shouldn't be afraid to ask your |
| Q. How does a dual agent handle an offer to | | | | realtor questions about what you are signing. Michelle |
| purchase a home? | | | | David, broker-manager of RE/MAX Supreme in |
| A. A dual agent is permitted to only facilitate an offer | | | | Kenilworth, reviews all the documents that sellers |
| to purchase a property and counteroffers. | | | | need to sign before they are asked to. Buyers are |
| Q. Can a dual agent release confidential information to | | | | asked if they need an explanation of the documents |
| the buyer or seller? | | | | presented to them also. |