Multiple Representation

Multiple representation means a designated representative or brokerage represents more than one client, with competing interests, in the same transaction. This can happen in different ways, depending on the type of representation agreement you and the other clients have with the brokerage.
Under brokerage representation, multiple representation happens when: 

  • the brokerage represents both the buyer and seller in the same transaction, or
  • the brokerage represents two or more competing buyers interested in the same property.

 

This is true even when the clients are working with different real estate agents.
Under designated representation, multiple representation happens when: 

  • the same real estate agent is the designated representative for both the buyer and the seller in the same transaction, or
  • the same real estate agent is the designated representative for two or more competing buyers interested in the same property.
Translate »