What document must Agent Sam have signed to represent both Tom and Sue?

To represent both Tom and Sue in a real estate transaction while maintaining compliance with legal and ethical standards, Agent Sam needs a specific document known as the Consent Transition to Transaction Broker Notice. This document allows an agent to operate in a dual agency capacity, meaning they can represent both parties in the same transaction, provided that both are fully informed and have given their consent.

This notice is essential because it clarifies that the agent will act as a neutral facilitator in the transaction, helping both parties but not advocating for one over the other. In dual agency situations, it is important that the agent discloses their role to both parties to avoid potential conflicts of interest and to ensure that all parties are aware of their rights and responsibilities under this arrangement.

In contrast, while the Buyer Representation Agreement, Listing Agreement, and Dual Agency Disclosure may be important documents in real estate transactions, they serve different specific purposes. The Buyer Representation Agreement typically establishes a relationship between the agent and the buyer alone, while the Listing Agreement is used by sellers to engage an agent for selling their property. The Dual Agency Disclosure is significant as it informs parties of the dual agency arrangement but does not provide the formal consent necessary to transition to the transaction broker role. Thus, the Consent Transition to Transaction Broker