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Disclosure and Consent to Dual Agent Designated Agency is a legal document that was released by the Louisiana Real Estate Commission - a government authority operating within Louisiana.
Q: What is a Dual Agent Designated Agency?
A: A Dual Agent Designated Agency is a real estate agency that represents both the buyer and the seller in a real estate transaction.
Q: Why is disclosure and consent necessary for a Dual Agent Designated Agency?
A: Disclosure and consent are necessary to inform the buyer and seller that the real estate agency is representing both parties in the transaction.
Q: What does the disclosure and consent process entail?
A: The disclosure and consent process involves the real estate agency providing written disclosure to the buyer and seller, explaining the nature of the agency relationship.
Q: What is the purpose of disclosure?
A: The purpose of disclosure is to ensure transparency and inform the buyer and seller of the potential conflicts of interest that may arise in a Dual Agent Designated Agency.
Q: What is the purpose of consent?
A: The purpose of consent is to obtain the agreement of the buyer and seller to the Dual Agent Designated Agency representation and any potential conflicts of interest.
Form Details:
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