Dual agency is when there is one agent for both the buyer and the seller in the same transaction. How does that happen? Well here are a couple examples;
- Your listing agent has a buyer that is looking in your area and price range
- A buyer calls of the yard sign to see the home and doesn't have an agent of their own so they use yours.
Now both these are logical ways to end up in a dual agency situation right? And frankly you just want to sell or buy that house, so who cares! Well, I care!
Don't you work with an agent to represent you and your interests in your real estate transaction? Every buyer I have ever talked to wants the lowest price and the most amenities. Every seller wants the highest price with the least amount of expense and hassle. So let me ask you, "How can one agent get both the buyer and seller the highest and lowest price on the same transaction?" The answer: they can't, somethings gotta give. As for what gives I will leave that speculation up to you.
Find out what's happening in Oswegowith free, real-time updates from Patch.
Remember you have to choose to accept dual agency as a buyer and/or a seller. Know all the facts before you decide. Have a great week!
Our best to you always, Nicole and Tony Tudisco
Find out what's happening in Oswegowith free, real-time updates from Patch.
Related articles
- Buyer's Agency and Selling Your Home in CNY (rediscovercny.wordpress.com)
- The Buddy System, or the Buyer's Broker (nytimes.com)
