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Agency Relationships in Real Estate
Just Say "No" to Dual Agency
 
What is Dual Agency?
 
Dual agency occurs when one agent represents both the seller and buyer in the same transaction. It is most likely to occur when an agent takes a buyer to see one of the agent’s own listings and the buyer wants to make an offer. Another scenario that will result in dual agency is when the agent holds an open house on a listing or receives a call from the yard sign or an ad, and the potential buyer doesn’t already have an agent.
 
Dual Agency is a Bad Idea
 
The most important point for you to know about dual agency is that if your agent is also representing the other side, your agent cannot advocate for you in negotiations or give you advice on pricing. This means that when you hit a stumbling block in the negotiations, your agent can’t fight for your needs.
 
Let’s say that a buyer and seller are negotiating and they are $5,000 apart on purchase price. As a buyer’s agent, my job is to convince the listing agent/seller that my buyer will not pay more and that they should take my buyer’s offer because our offer is a fair one. As a seller’s agent, my job is to convince the buyer’s agent/buyer that the house is worth more than they are offering, and my seller needs the higher price.
 
But a dual agent can’t take either of these positions. The most a dual agent can do is present to each client what the other side has responded, and ask if the offer on the table is acceptable or if they want to make a counteroffer.
 
Who Benefits from Dual Agency if it is such a Bad Idea?
 
Buyers and sellers don’t benefit from dual agency. The only person who benefits from dual agency is the agent. Many agents are eager to act as dual agents because they get to keep the entire commission. When an agent is a listing agent, and another agent is representing the buyer in the home sale, then the listing agent has to pay a portion of the commission (usually about half) to the buyer’s broker. If the agent represents both sides, then they get to keep the entire commission.
 
How do I handle Dual Agency?

Buyer's Agent a better choice!

The Listing Agent, unless specifically disclosed otherwise, represents the seller in any transaction for the sale of a home. It is that Agent's fiduciary duty to protect the seller's position at all times. No matter what they tell you their loyalty will lie with their selling clients. That is why you want an agent with experience like Marlene Bienes to represent YOUR interest as a buyers agent when buying a home.
When a Realtor refuses to show a particular listing this would be consider STEERING.
 
The Pitfalls Of Dual Agency
 
NO DUAL AGENCY
 
Real Estate Double Agent | Dual Agency
 
Dual Agency Should Be Illegal!
 
Dealing With Dual Real Estate Agents
 
Wolf in sheep's clothing?
 
Real Estate Charter Of Rights
 
The Pitfalls Of Dual Agency
 
Agency Relationships in Real Estate
 
Why I Don't Practice Dual Agency
 
Why You Should Know About Dual Agency
 
  Renee Porsia Re/Max Real Estate Broker (Philadelphia)

REALTORS TRYING TO BUILD HOMES:

You would have to wonder the quality of a home when
realtors and
property appraiser are involved in building homes, listing them and selling them at the same time. Realtors should not be practicing builder duties. A builder has the experience, knowledge and the license to build solely homes verses an inexperience and with the lack of building knowledge a Realtors and property appraiser would. You would have to question who will warranty the construction if problem arises. You would also have to wonder the loyalty of a realtor taking on listings from other home sellers and trying to sell his own built homes.
Dual Agency:
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