All About Annapolis
  • Home
  • Neighborhoods
  • About Me
    • Real Estate >
      • Lending
      • Settlement >
        • Documents needed to close
        • Title Insurance
      • Home Buying
      • Home Selling
  • My Listings
  • Explore Annapolis
    • Places to visit >
      • Architecture
      • Alex Haley Memorial
      • Banneker-Douglas Museum
      • Eastport Walking Tour
      • Hammond Harwood House >
        • Pumpkin Walk
      • Lighthouses
      • Paca House & Garden
      • Maryland Inn
      • Naval Academy
      • Parks >
        • Dog Parks
        • Leon Wolfe Park
        • Quiet Waters Park
        • State Parks
      • Severnside Farm Tour
      • St Anne's Church
      • Tiffany Stained Glass
      • State capital building
      • Wall Murals >
        • Design District Murals
        • Historic, Murry Hill & Eastport
        • Others Out & About
    • Events >
      • Annapolis Cup Croquet Match
      • Art Walk
      • Boatyard Beach Bash
      • Bourbon Bowties Cigars
      • C.R.A.B Cup
      • Crab Feast
      • Puppy Plunge
      • US Powerboat Show
      • US Sailboat Show
      • Waterfowl Festival
    • Runs
    • Holidays >
      • Memorial Day
      • Labor Day
      • Halloween
      • Christmas
    • Festivals >
      • Anne Arundel County Fair
      • Art in the Park
      • Beer & Wine Festivals
      • First Sunday Arts
      • Irish Festival
      • Homestead Gardens Fall Festival
      • Kegs and Corks
      • Maryland Seafood Festival
      • Renaissance Festival
      • West Annapolis Oktoberfest
    • Markets >
      • AA County Farmers Market
      • Annapolis Summer Garden Theatre
      • AA Medical Center Farmers Market
      • Diehl's Produce
      • DNR Farmers Market >
        • Annapolis Farmers Market
      • PA Dutch Farmers Market
      • 2017 Farmers Market Guide
    • Concerts & Shows >
      • All Saints Concert
      • Annapolis Town Center Concerts
      • Fast as Lightning
      • FOQWP Summer Concert Series
      • Middletons
      • Rams Head On Stage
    • Tours >
      • Ghost Walk Tour
      • Red Trolley Tour
      • Circulator
    • Places to stay
  • Gardening
    • Composting
    • Fruits and Veggies >
      • Apples
    • Gardening Clubs
    • Native Plants
    • Insects >
      • Friends or foe
    • Trees
    • Where to buy plants
    • Butterfly Garden >
      • Butterflies in Maryland
      • Location
      • Plants for Butterflies
      • Butterfly Life Cycle
      • Monarch Butterfly
    • Spring >
      • Seed Starting
    • Summer
    • Fall >
      • Preparing your yard for winter
      • What to Plant in the Fall?
    • Winter
  • Resources
    • Important Numbers
    • Maryland History & Resources
    • Schools >
      • Annapolis Public Schools
      • Private Schools
  • Blog
  • Home
  • Neighborhoods
  • About Me
    • Real Estate >
      • Lending
      • Settlement >
        • Documents needed to close
        • Title Insurance
      • Home Buying
      • Home Selling
  • My Listings
  • Explore Annapolis
    • Places to visit >
      • Architecture
      • Alex Haley Memorial
      • Banneker-Douglas Museum
      • Eastport Walking Tour
      • Hammond Harwood House >
        • Pumpkin Walk
      • Lighthouses
      • Paca House & Garden
      • Maryland Inn
      • Naval Academy
      • Parks >
        • Dog Parks
        • Leon Wolfe Park
        • Quiet Waters Park
        • State Parks
      • Severnside Farm Tour
      • St Anne's Church
      • Tiffany Stained Glass
      • State capital building
      • Wall Murals >
        • Design District Murals
        • Historic, Murry Hill & Eastport
        • Others Out & About
    • Events >
      • Annapolis Cup Croquet Match
      • Art Walk
      • Boatyard Beach Bash
      • Bourbon Bowties Cigars
      • C.R.A.B Cup
      • Crab Feast
      • Puppy Plunge
      • US Powerboat Show
      • US Sailboat Show
      • Waterfowl Festival
    • Runs
    • Holidays >
      • Memorial Day
      • Labor Day
      • Halloween
      • Christmas
    • Festivals >
      • Anne Arundel County Fair
      • Art in the Park
      • Beer & Wine Festivals
      • First Sunday Arts
      • Irish Festival
      • Homestead Gardens Fall Festival
      • Kegs and Corks
      • Maryland Seafood Festival
      • Renaissance Festival
      • West Annapolis Oktoberfest
    • Markets >
      • AA County Farmers Market
      • Annapolis Summer Garden Theatre
      • AA Medical Center Farmers Market
      • Diehl's Produce
      • DNR Farmers Market >
        • Annapolis Farmers Market
      • PA Dutch Farmers Market
      • 2017 Farmers Market Guide
    • Concerts & Shows >
      • All Saints Concert
      • Annapolis Town Center Concerts
      • Fast as Lightning
      • FOQWP Summer Concert Series
      • Middletons
      • Rams Head On Stage
    • Tours >
      • Ghost Walk Tour
      • Red Trolley Tour
      • Circulator
    • Places to stay
  • Gardening
    • Composting
    • Fruits and Veggies >
      • Apples
    • Gardening Clubs
    • Native Plants
    • Insects >
      • Friends or foe
    • Trees
    • Where to buy plants
    • Butterfly Garden >
      • Butterflies in Maryland
      • Location
      • Plants for Butterflies
      • Butterfly Life Cycle
      • Monarch Butterfly
    • Spring >
      • Seed Starting
    • Summer
    • Fall >
      • Preparing your yard for winter
      • What to Plant in the Fall?
    • Winter
  • Resources
    • Important Numbers
    • Maryland History & Resources
    • Schools >
      • Annapolis Public Schools
      • Private Schools
  • Blog
All About Annapolis

Blog

You know, I didn't think I had a lot to say, but apparently I might!!  :-)

What is dual agency, and should I be concerned?

11/14/2017

0 Comments

 
Picture
Most clients understand that there are buyer’s agents and seller’s agents. In the State of Maryland an agent cannot represent both the buyer and seller. In DC, a single agent can represent both sides so you can see there's a difference.

You may have heard the term dual agency. Dual agency occurs when the seller’s agent and the buyer’s agent works for the same Broker (i.e. Long & Foster RE). This means that the Broker has a legal obligation to both parties and a duty to maintain confidentiality of information.

What does this mean for you? Should you be concerned that your transaction may have the same broker? Not really.  The agents that represent both the buyer and the seller are sworn to represent their clients' best interest, and that includes your confidentiality.  If they work for the same company, you're represented by the same Broker, and that Broker is sworn to the same confidentiality that the agents adhere too. They still have to abide by the laws and what the Maryland State Commission requires.  All of those fidiciary issues are still there.

If the other party is using the same firm as your agent is, you'll be asked to sign a Dual Agency Agreement, which makes sure you're aware that the same Broker is representing the transaction. 

Do you have any questions about what dual agency means in Maryland?  Or are you considering real estate in Washington DC and have dual agency questions?  I'll be glad to answer them for you!  Just give me a call or send me an email!




0 Comments



Leave a Reply.

    Author

    My name is Susanne Kneeland and I'm an Associate Broker for Long and Foster in Eastport Annapolis. I'm a wife, a mother of 2, and to 2 furbabies, a dog Maggie and a cat Marty

    Archives

    April 2019
    February 2019
    January 2019
    November 2018
    October 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016

    Categories

    All

    RSS Feed

Proudly powered by Weebly
Picture