dual agency: The legal pitfalls of dual agency in real estate
- 03/14/17 03:07 PM
Why the issue of dual agency is a perfect storm that could transform business Key Takeaways: Realtors refer to themselves as agents, but when it comes to the agency law, the brokerage is the “agent,” not the individual salesperson. A dual agency situation can occur when the brokerage (not necessarily a single agent) represents both sides of the transaction. Buyer’s agents are constantly hearing the refrain: “We’ll just contact the listing agent directly.” Off-market or pocket listings are also fraught with agency issues. For the first time in history, homebuyers are deliberately creating dual agency situations as many refuse to work with anyone but the … (2 comments)
dual agency: The Hidden Cost of not Working with an Exclusive Buyers Agent
- 02/23/12 10:48 PM
When the times get tough, the tough get going. The thing about tough times, though, is that often they force us to adapt to new realities. The Charlotte real estate market provides many examples of that, such as greater access to information for the consumer via the Internet. Perhaps even more significant, innovations in the way real estate is bought and sold have further empowered home buyers with the option of an exclusive buyers agent, so buyers can avoid the potential conflict of interest that can arise from dual agency. But what about those who don't want to "get going" with all … (2 comments)
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