Many people are still confused about the difference between exclusive buyer agents and traditional buyer agents. I have seen many agents that work for traditional real estate companies who specialize in buyer agency. However, they are not exclusive buyer agents, because their company also handles listings. A true exclusive buyer's agent works for a company that does not take listings at all. There is a difference.

In Washington State, when a broker (aka. the company) has two different agents working on opposite sides of the same transaction, the broker becomes the dual agent:

"In a transaction in which different licensees affiliated with the same broker represent different parties, the broker is a dual agent, and must obtain the written consent of both parties as required under RCW 18.86.060."

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In some states, such a broker is called the "Designated Broker," but it is still dual agency by another name. I think it is important for traditional buyer agents to clarify that they are not EBAs. I think that it would be better to be upfront about it, so that buyers can make informed decisions if they want to avoid dual agency altogether.

 

 

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Suzette West, ABR, EBA - Seattle, WA. Area

Seattle, WA

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Exclusive Buyer Agent Seattle - World West Investments, Inc.

Office Phone: (360) 769-1000

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