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Dual Agency - What Side of the Fence are You On?
 

 
When you list homes and work with buyers the opportunity on occasion will present itself, both sides of the transaction.  Such is the case for me, I have a home listed and received a sign call that developed into an interested buyer.  What a fantastic opportunity but one that needed to be treated with caution.
 In the state of Texas we have the ability to work on both sides of the transaction through what is defined as Intermediary Relationship.  There are many responsibilities of this relationship but one clear defining line; you must act as a mediator for both parties, no advice regarding negotiation decisions.  You also cannot share any confidences and you must respect the price the seller has the home listed with no suggestion of the value being less.  All parties must agree to this relationship and advised of their other representation choices (buyer & seller agents).  
This is a very difficult balance responsibility when you are on both sides of the transaction.  As an agent you have a responsibility to self reflect as to your comfort, knowledge level, ability to strictly adhere to the responsibility of this type of agency.  Also this is probably one ... more

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