Dual Agency in Real Estate Is Horrible
When you are going to be buying or selling a home it makes sense to have a real estate agent who is in your corner fighting hard for your best interests. Someone you know that you can trust that has your back. For a seller this is what’s known as a seller’s agent. Likewise, someone who works for a buyer is known as a buyer’s agent.
A level playing field exists where buyer and seller each get proper representation. Unfortunately, in many states there is a third relationship in real estate called dual agency and it is rather ugly. Dual agency does not benefit buyers or sellers in anyway.
The only party who benefits from a dual agency relationship is a real estate agent who makes double the commission but does not truly represent either party. The agent becomes a neutral party in the sale not allowed to provide advice to either the buyer or the seller.
Sounds awesome right? Why would anyone who starts a real estate transaction with someone fighting hard for their interests all of a sudden become someone who can’t be their advocate. How about none!
In the article at Maximum Real Estate Exposure, you will learn why dual agency is so bad for buyers and sellers. Make sure you avoid it like the plague and don’t be talked into it by an agent that cares more about their wallet than you!