Buyer without broker - sign dual agency form?

Started by MaxEff
over 9 years ago
Posts: 0
Member since: Jun 2012
Discussion about
Hi, I am a buyer for a co-op and do not have a broker. The sellers broker wants me to sign the NYS Disclosure Form for Buyers and Sellers. In the form they have indicated they are the sellers agent. However below this line, they have also checked: "For advance informed consent to either dual agency or dual agency with designated sales agents complete section below: Advance informed consent dual... [more]
Hi, I am a buyer for a co-op and do not have a broker. The sellers broker wants me to sign the NYS Disclosure Form for Buyers and Sellers. In the form they have indicated they are the sellers agent. However below this line, they have also checked: "For advance informed consent to either dual agency or dual agency with designated sales agents complete section below: Advance informed consent dual agency" There is a seperate document after where if I sign, I consent the sellers broker company xyz group is acting as a dual agent for the particular property. Should I sign this? What does this mean? Does this mean that the sellers broker is entitled to collect the full 6% sales commission because they some way are dual agents? If I don't sign it, what does that mean? Thanks for your help [less]