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Dual Agency Should Be Banned in All States
Dual Agency Offers No Benefits to Buyers and Sellers
For those of you reading who are not real estate agents, dual agency is when one real estate agent represents both the buyer and the seller in the sale of a property.
In some states, dual agency can be the two agents from the same company each representing the buyer and seller. I will get that situation in a minute.
Frankly, dual agency is the dumbest thing that was ever invented for the real estate industry. Why might you be asking yourself? Simple - neither the buyer or the seller has proper representation. Both buyers and sellers often ask what is dual agency and how does it work.
When a real estate agent becomes a dual agent, they technically represent both parties in the transaction. To give you an idea of how stupid that is think about an attorney trying to represent the plaintiff and defendant at the same time in a lawsuit.
If that sounds moronic to you, it's because that situation it is just like dual agency.
When a consumer hires a real estate agent, they expect that person to be in their corner. They are hiring a professional they can count on to give them ... more
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