Industry News

Alaska takes swipe at dual agency

Legislation would add designated agency, trim broker liability
Published on Mar 16, 2004

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by CareyBot

Alaska might be the next state to put the controversial concept of dual agency on the chopping block. Lawmakers are close to passing a bill that would replace dual agency with the highly debated concepts of designated agency and neutral licensees.

The bill's sponsors say it clarifies relationships between consumers and real estate licensees. But critics charge it does nothing more than trim agent and broker liability.

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