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Shhhhhhh Im going to talk about DUAL AGENCY! hahaha.  All jokes aside dual agency is a general practice at least in the state of Pennsylvania.  It is legal, it is ethical, and it can be very profitable....that is if you don't get sued because of it.  Not sure what the other 49 state policies are but what is yours?  How do you feel about the topic?  Paragraph 2 is going to be my little soapbox so brace yourselves....

Loyalty, confidentiality, and a good faith effort to get you the most amount of money with the least amount of inconvenience Mr. & Mrs/Miss/Ms. seller.  That's what I am going to do for you.  Wait, I have the buyer here....Mr. & Mrs./Miss/Ms. buyer I promise you loyalty, confidentiality, and a good faith effort to get you the most amount of house for the lowest price humanly possible, that's what I am going to do for you!  Uh oh, if I do one of these can I really do the other?

29 yrs old and going into my 9th year practicing real estate in the wonderful Lehigh Valley region of Pennsylvania.  Dual agency can bring a nice paycheck and in times like these I can see why people are doing it due to the lack of number of transactions, but does anyone else have a problem acting as a dual agent?  I have done it a few times before and it was either with an investor, who of course knew more than me anyway so my negotiation suggestions were disregarded(hint of sarcasm) or with an attorney involved where again my suggestions meant nothing.  Even then I felt a little slimy in the end.  Agents are more than welcome to practice this way with proper disclosure to both parties, but does that make it right?  I guess if everyone is happy in the end you have done your job, but don't you feel like you could have done more for one party if you represented them solely?  How did you purchase your home(s) prior to being a practitioner?  Would you have wanted your agent to take care of both sides?

I'm not sure if I'm looking for these questions to be answered by all or not, but it should make you think.  Just because the economy is a bit rough does that give you the right to lower your representation?  Agents across the country let me know what your states do and how you feel about it.  Also, for the public readers I would love to know your thoughts and if it makes you feel any different about one style or the other.  I hope everyone has a great weekend and truly look forward to reading your comments.

Respectfully,

Frank J. Renaldi
Realtor
License # RS278600
 
Century 21 Pinnacle
3001 Emrick Blvd., Suite 300
Bethlehem, Pa 18020
Website: www.FrankRenaldi.com
Office #: 610-691-0535 *7145
Direct # 484-893-7145
Fax #: 610-691-1277
Cell #: 484-788-8682

 


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Frank J. Renaldi, Jr

Bethlehem, PA

More about me…

Century 21 Pinnacle

Address: 3001 Emrick Blvd., Suite 300, Bethlehem, Pa, 18020

Office Phone: (610) 691-0535 x 7145

Cell Phone: (484) 788-8682

Email Me

I am your connection to trending markets, good news, bad news, and yes even no news. The whole world is watch and waiting for the Real Estate community to say we are on our way back up. I will be your source reporting which direction we are going now. I provide connections to all real estate needs form lenders, to contractors, to insurance agents. Before you open your yellowbook just read my blogs or message me. I will be your point man from here on out. For those of you in trouble with your mortgage and fear foreclosure, message me! I have a team in place to handle Foreclosure Alternatives and it doesn't cost you anything. The banks and the buyers take care of those fees. The time is now to save your credit so message me or call!


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