Found 2 blog entries tagged as limited dual agency.

Understanding Agency Relationships in Saskatchewan Real Estate: A Clear Guide for Buyers & Sellers

Buying or selling real estate in Saskatchewan is a major decision—one that involves legal responsibilities, representation frameworks, and professional duties. The Agency Disclosure – Form 205 exists to help consumers clearly understand how agency relationships work and what they can expect from a REALTOR®. Whether you’re buying, selling, or just starting to explore the market, knowing what role your REALTOR® plays is essential. 

What Is an Agency Relationship?

Agency is a legal relationship formed when a consumer authorizes a REALTOR® to act on their behalf—and the REALTOR® agrees. Importantly, the agency relationship is not just with the individual…

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In Saskatchewan real estate, a Limited Dual Agency arrangement arises when a brokerage represents both the buyer and the seller in the same transaction. This scenario is governed by the Saskatchewan REALTORS® Association's Limited Dual Agency Acknowledgement Form (Form 204, revised 01/2023), which outlines how these relationships are managed to ensure fairness, transparency, and compliance with legal obligations.

What is Limited Dual Agency?

Limited dual agency occurs when:

  • The same brokerage represents both the buyer and seller.

  • The same salesperson, or different salespeople from the same or different branches of the brokerage, act for both parties.

This situation requires explicit acknowledgment from both buyer and seller, ensuring…

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