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Can a business broker represent both the buyer and the seller in California?

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Freedom Business Brokers
Orange County, CA

Thye answer is yes.That is called a dual agency representation but the broker has to be very carefull as he or she is representing both so has a fiduciary duty to buyer as well the brokerso can't be leaning on either side otherwise this is an invitation to be sued for misrepresentation.The dual agency should be disclosed on purshase agreement or asap during the transaction, if forgotten atleast should be disclosed in escrow instructions as a last resort.

Jun 15, 2011

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