In Michigan, a disclosed dual agent must:
Question & Answer
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Represent only the seller
A disclosed dual agent cannot represent only the seller, as this would be a misrepresentation of their agency role. Dual agency by definition involves representing both parties, not just one.
Obtain written consent from both parties
Refuse to complete the transaction
Refusing to complete the transaction is not a requirement for dual agency. While dual agency creates conflicts, the transaction can proceed with proper consent from all parties.
Only work with buyers
A disclosed dual agent doesn't only work with buyers. The term 'dual' specifically indicates representation of both buyer and seller simultaneously.
Why is this correct?
In Michigan, a disclosed dual agent must obtain written consent from both parties. This requirement protects all parties involved by ensuring transparency and acknowledging the inherent conflict of interest when one agent represents both buyer and seller in a transaction.
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