Are you familiar with the term dual agency? If you are going to be buying or selling a home you better understand it! There is a very good possibility a real estate agent will try to convince you it’s an acceptable practice. I am here to tell you it isn’t!While dual agency is has been banned in quite a few states, in most places it is still legal. That of course, doesn’t mean it is right or that you should accept it. You shouldn’t!In the article at Before It’s News, see why you should not accept dual agency when buying or selling. The reference explains why dual agency is so bad.If you are selling a home you want a seller’s agent. If you are buying a home you should want a buyer’s agent. A dual agent is essentially a neutral party. By law they cannot give you advice. Sounds awesome right? Of course not.When you are buying or selling a home you want someone in your corner fighting hard for your best interests. Not someone who has a vested interested in the deal closing at whatever cost it takes. Unfortunately, dual agency in Massachusetts where I work is still legal. It shouldn’t be as it damages consumers. Nothing good comes out of it for a buyer or seller. The real estate agent though is all smiles as they get to double side a deal. Don’t underestimate the downsides of dual agency. Be sure to read both of these articles. You’ll be glad you did!
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