Dual Activity – Definition, Brokerage & Explanation

Dual Activity – Dual activity refers to brokers. The definition is that a broker acts for a seller and a buyer at the same time. The requirement is that the real estate broker be impartial. The real estate broker must also act as a listing broker for both parties or as a listing broker for one party and a listing broker for the other. According to the BGB, the parties must be informed of the dual activity of the real estate agent and a detailed explanation is part of the service of a good real estate agent.

Overview of dual activity

• Dual activity relates to brokers
• Broker may act for seller and buyer at the same time
• Impartiality of the real estate agent is a prerequisite
• Real estate agent for both parties as a proving agent or for one party as a proving agent and for the other as an intermediary agent
• Buyer/seller must be informed about dual activity

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