Does a dual agency conflict of interest matter more in residential sales than in commercial property deals?
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SEED QUERY
Does a dual agency conflict of interest matter more in residential sales than in commercial property deals?
1 real search · 1 real-search pass
dual agency conflicts of interest residential vs commercial real estate brokerage fiduciary duties disclosure lawGoogle ↗
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ChatGPT1 real searches · gpt-6
dual agency conflicts of interest residential vs commercial real estate brokerage fiduciary duties disclosure law Google ↗
- The creation of an agency relationship gives rise to fiduciary duties owed by licensees to the party the licensee represents in a real estate transaction. N.J.A.C. 11:5-6.4(a). The law governing agency relationships and fiduciary duties owed by a licensee to its principal arise primarily from court-made law, or common law. The Act adds to these requirements but does not limit, or in any way impair, existing legal duties at common law. P.L. 2024, c.32, s.17. · nj.gov
- Consumer Guide: Agency and Non-Agency Relationships · nar.realtor