SCREC LLR dual agency agreement:
https://www.screaltors.org/wp-content/uploads/Forms/115.pdf
Buyer signs the buyer agency agreement and SCR115 as their offer is developed when the brokerage has the listing agency too.
e.g., SCR130/135 are typical buyer agency agreements.
https://www.screaltors.org/wp-content/uploads/Forms/130.pdf
https://www.screaltors.org/wp-content/uploads/Forms/135.pdf
Example: SCR115 goes to the listing agent with the offer (e.g., SCR310).
The seller signs the SCR115 prior to seeing the buyer’s initial offer (e.g., SCR310).
Use dual agency when the same brokerage has both the sellers and buyers as clients.
Transaction brokerage (non agency) for buyers and or sellers does not involve dual agency.
Another idea when there is a listing agent and another buyer agent (and neither are the BIC), is designated agency.
https://www.screaltors.org/wp-content/uploads/Forms/117.pdf
Call the hotline and talk to your BIC if you are inexperienced or have questions.
Posted by: Byron King on 03/06/23 (This information is only accurate as of 03/06/23. You must contact SCR for updates and changes to this information after 03/06/23 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)
This information is not legal advice. This information is intended only to provide general information and may not be relied upon as specific legal guidance. Legal counsel should always be consulted before acting in reliance on this information.