![]() Xxxxx’s agent and disclosed dual agent if the opportunity arises. Seller’s agent and disclosed dual agent if the opportunity arises. ( for Sellers and Landlords) Xxxxx’s agent. DECLARATION OF BUSINESS RELATIONSHIP Xxxxxxx Coastal Real Estate LLC, intends, as of this time, to work with you as a: (indicate one of the following): X_Seller’s agent. ![]() ![]() THIS STATEMENT IS NOT A CONTRACT AND IS PROVIDED FOR INFORMATIONAL PRUPOSES ONLY. YOU MAY OBTAIN LEGAL ADVICE ABOUT THESE BUSINESS RELATIONSHIPS FROM YOUR OWN LAWYER. In addition, any transaction brokerage a greement with a seller or landlord should specifically state whether a notice on the property to be rented or sold will or will not be circulated in any or all Multiple Listing System(s) of which that firm is a member. Owners considering working with transaction brokers are advised to sign a written agreement with that firm which clearly states what services that firm will perform and how it will be paid. A transaction broker primarily serves as a manager of the transaction, communicating information between the parties to assist them in arriving at a mutually acceptable agreement and in closing the transaction, but cannot advise or counsel either party on how to gain an advantage at the expense of the other party. They can then work with both parties in an effort to arrive at an agreement on the sale or rental of real estate and perform tasks to facilitate the closing of a transaction. A transaction broker can locate qualified buyers for a seller or suitable properties for a buyer. Licensees with such a firm would be required to treat all parties honestly and to act in a competent manner, but they would not be required to keep confidential any information. A TRANSACTION BROKER DOES NOT PROMOTE THE INTERESTS OF ONE PARTY OVER THOSE OF THE OTHER PARTY TO THE TRANSACTION. A transaction broker works with a buyer or a seller or both in the same sales transaction without representing anyone. Transaction-Broker. The New Jersey Real Estate Licensing Law does not require licensees to work in the capacity of an “agent” when providing brokerage services.
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