David Saks: June 2014

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 2734

    #2734

When we spedak about a dual agency, a rule of thumb is that any time an agent assumes dual agency the dual agent is obligated to disclose all confidential information to both parties.

Is this true or false ?

Take your time. The solution is posted below the wildlife photo ?

wildlife

A. False

A dual agent has an obligation to keep all confidential information confidential between the parties, and to not disclose confidential information to either party in the dual agency relationship.

The cardinal rule is to not disclose either parties negotiating position.




David Saks



Time&Temp Memphis

Legal Disclaimer
Please be advised that:

 The information and notices contained in this blog are intended to summarize recent developments and news. The posts are presented as general research and information. These posts are not intended, nor should be regarded, as legal advice. Some blog posts concern allegations made in civil lawsuits and in criminal indictments in United States Courts. All persons are presumed innocent until convicted of a crime and proven guilty. Readers who have particular questions or who believe that they need legal counsel should seek the advice of a qualified attorney. It is neither the editor's or author's intention to create a confidential relationship or any broker-client relationship via communication from this site at any time. Please consult with your state real estate board if questions & answers in the education section conflict with the laws of your region or if you need clarification regarding their applicability or how they may govern the services that you provide.

By entering this web site, you understand the following:
When you select a link to an outside Web site, you are subject to the privacy, copyright, security, and information quality policies of that Web site. David Saks:
1.DOES NOT control or guarantee the accuracy, legality, relevance, timeliness, or completeness of information contained on a linked Web site;
2.DOES NOT endorse linked Web sites, the views they express, or the products/services they offer unless linked web sites, the views they express, or the products/services they offer endorse or support David Saks in accordance with the standards of the Tennessee Real Estate Commission and the Federal Government's laws regarding commerce and the application, solicitation and transmission of internet-related concerns, commerce or social networking;
3.CANNOT authorize the use of copyrighted materials contained in linked Web sites;
4.IS NOT responsible for transmissions users receive from linked Web sites;
5. That DavidSaks.Com is biographical & real estate related. Some links within will leave this site.
6. http://activerain.com/profile/davidsaks is internet-compliant & abides by the rules & regulations of the Tennessee Real Estate Commission, Eve Maxwell, Executive Director.
7. Unless indicated otherwise, ActiveRain does offer listings, or IDX and is provided for licensed salespersons, brokers, buyers & sellers of real property as a community & professional service.
8. David Saks is a retired / licensed real estate broker in the State of Tennessee, license #290452, and an independent contractor.
9. Information is believed to be accurate, but not guaranteed, at any realty link or document connected to the World Wide Web & viewable by anyone connected to the internet who has a web browser.
10. Brokers, buyers, sellers, agents & anyone should independently verify any information prior to submitting any offer to purchase goods & services from any link.
11. Please Visit The American Real Estate Alliance or Memphis.8k.Com for additional information regarding property issues for real estate professionals and consumers.

 

Photos © & Licensed by Nova Development

All Content Protected © 
Before you even think about
committing a real estate crime
click this red button.
Real Estate Crimes

© All Rights Reserved.

 

 

 

 

"Information generated by the Department of Justice is in the public domain and may be reproduced, published or otherwise used without the Department’s permission. Citation to the Department of Justice as the source of the information is appreciated, as appropriate."

Department of Justice Legal Policies


 

  Real Estate Crimes

 

Click "HERE" For Today's Question

 

 

TheListen Now!

David Saks Show

Saturday Nite

9pm-12am Central

University of Memphis

WUMR

 

Support
America's Hobby

Click Elvis

Mr.Saks' participation in ActiveRain ended April 13, 2015.

His blog archives will remain online.

May God bless you.

Comment balloon 0 commentsDavid Saks • June 07 2014 06:01AM
Real Estate Practice : Lesson 2734
share
#2734 When we spedak about a dual agency, a rule of thumb is that any time an agent assumes dual agency the dual agent is obligated to disclose all confidential information to both parties. Is this true or false Take your… more
Real Estate Practice : Lesson 2733
share
#2733 If a listing broker negotiates the sale of a property with a ready, willing and able buyer and all of the terms established between the buyer and seller are met, and correspond with the terms of the listing agreement, if the seller… more
Real Estate Practice : Lesson 2732
share
#2732 When an agreement to purchase real estate is created, a purchase agreement, it must state what the methods of payment will be from the buyer, the type of financing terms arranged by the buyer, the listing price of the property, and… more
Real Estate Practice : Lesson 2731
share
#2731 When a provision is added to a contract for the purchase of property (a purchase agreement) that states the contract will not become a binding contract unless the buyer has secured the financing necessary for the purchase of the property… more
Sliced Matzo Balls on Texas Toast w/Melted Cheese and Cajun Seasoning
share
This is my recipe and I'm totally responsible for it's contents. Sliced Matzo Balls on Texas Toast With Melted Cheese and Cajun Seasoning You'll need : 1 Cup of Matzo Meal 3 Eggs 1 Teaspoon of Salt… more
Former Bank Director Who Faked His Own Death Pleads Guilty to Fraud
share
Aubrey Lee Price, Former Bank Director Who Faked His Own Death, Pleads Guilty to Bank, Wire, and Securities Fraud U. S. Attorney’s Office June 05, 2014 Southern District of Georgia (912)… more
Prepare for Hurricanes, Natural Disasters by Safeguarding Tax Records
share
IRS Issue Number: IR-2014-71 Prepare for Hurricanes, Natural Disasters by Safeguarding Tax Records IRS YouTube Videos Preparing for Disasters: English | Spanish | ASL Podcast Disaster… more
Mortgage Fraud Blog for June 4, 2014
share
Mortgage Fraud Blog sends me update emails once per week. The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www. mortgagefraudblog. com Rachel Dollar is a California… more
U. S. Leads Multi-National Action Against Botnet and Cryptolocker
share
U. S. Leads Multi-National Action Against GameOver Zeus Botnet and Cryptolocker Ransomware, Charges Botnet Administrator U. S. Department of Justice June 02, 2014 Office of Public Affairs (202) 514-2007/TDD… more
Real Estate Agent Sentenced to 5 Years in Prison for Fraud Conspiracy
share
Real Estate Agent Sentenced to Five Years in Prison for Conspiracy to Defraud Investors and Lenders U. S. Attorney’s Office May 30, 2014 Middle District of Pennsylvania (717) 221-4482 … more