Bill > S268

This bill proposes to prohibit dual agency in real estate transactions within Massachusetts. Dual agency occurs when a single real estate broker or salesperson represents both the buyer and seller (or landlord and tenant) in the same transaction, which can create potential conflicts of interest. By amending Section 87AAA3/4 of Chapter 112 of the General Laws, the legislation would explicitly ban real estate professionals from acting as dual agents, meaning they would be required to represent either the buyer or seller in a transaction, but not both. This change aims to increase transparency and reduce potential ethical concerns in real estate transactions by ensuring that each party has a dedicated representative who is solely focused on their client's interests. The bill would apply to all types of real estate transactions, including sales and rentals, and would impact how real estate brokers and salespersons conduct their business in Massachusetts.

Labor and Employment

https://malegislature.gov/Bills/194/S268