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On July 1, the Commission's new "designated agency" rules went into effect. The rules permit real estate firms to practice a form of dual agency, but avoid some of dual agency's more undesirable aspects.
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www.ncrec.state.nc.us/bulletin/summer97bulletin/designa...
www.ncrec.state.nc.us/bulletin/summer97bulletin/designated.htm
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Any other agents affiliated with the broker may represent another party to the transaction and by consenting to designated agency the buyer or seller permits those agents to represent another party. Individuals who are designated agents owe fiduciary duties to their respective clients.
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www.mass.gov/Eoca/docs/dpl/boards/re/consent_designated...
www.mass.gov/Eoca/docs/dpl/boards/re/consent_designated_agency.pdf
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DESIGNATED AGENCY; REGULATIONS CONCERNING THE CONDUCT OF REAL; ESTATE BROKERS AND SALESPERSONS; Sec. 20-xxx-xx. Designated Agency Consent and Notice. The following form shall be used as written notice and consent upon the appointment of a designated seller agent or designated buyer agent.
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www.ct.gov/dcp/lib/dcp/pdf/realestate_licensing_forms/a...
www.ct.gov/dcp/lib/dcp/pdf/realestate_licensing_forms/agency.pdf
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One of the last states to examine the laws of real estate agency could soon have a new policy for handling designated agency, disclosure, and related issues in place. ... "We've never had agency reform in Mississippi," says Quentin Whitwell, MAR's vice president of public policy and legal counsel. "In fact, we're one of the...
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www.realtor.org/RMODaily.nsf/All/E355455F4
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Illinois law now operates under the Designated Agency rules as of January, 2000. A single agent within a company can be "designated" as the sole agent of the seller or buyer. Contracts are signed by either Buyer or Seller acknowledging that the individual agent is their sole representative.
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www.metaglossary.com/meanings/1063889/
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Designated Agency Ethics Officials List September 16, 2009; Suite 1000; 1331 F Street, NW; Washington DC 20004-1111; Alternate: Contact: Fax: (202) 272-0081; General Counsel; Desk Officer: Jack MacDonald; ACCESS BOARD;
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www.usoge.gov/ethics_docs/misc_docs/daeolist.pdf
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www.real-reform.org/showme/index.html
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It has been OSC’s experience that the interests of OSC and the agency are best served when the roles of the designated agency liaison and the OSC investigator are fully understood.
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www.osc.gov/documents/pubs/dr-memo.htm
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If your agent does not present an agency disclosure form to you, email us at RECafe@mac.com and we'll send you one to protect yourself. Before you sign a designated agency consent form, download the consumer pamphet online and discuss the checklist of ten dual agency issues with "your" agent.
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realestatecafe.blogs.com/real_estate_cafe/2006/04/is_de...
realestatecafe.blogs.com/real_estate_cafe/2006/04/is_designated_a.html
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