Agent Representation in California

By
Real Estate Agent with Re/Max Gold Coast Realtors

Did you Know?

In California an agent can (and does quite often) represent both the buyer and seller.

As a listing agent, they do have a fiduciary responsibility to the seller to get the highest possible price with the best terms in the current market.

As a buyer's agent, they must represent the buyer to be sure that all of the contingencies are met, inspections completed, reports submitted and disclosures signed.

Florence is located at Channel Islands Harbor on California's Gold Coast

(just South of Santa Barbara)

Comments (7)

Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time
Dual Agency is illegal in the State of Florida. An Agency relationship creates a fiduciary relationship with your Client. I never understood how you can possibly have a fiduciary relationship with both parties in the same transaction. Can't be done. Dual Agency is misleading to the consumer and should be outlawed in all States. In Florida we are presumed to be "Transaction Brokers" unless stated differently. Our other options are "Single Agent" to one party or "No Brokerage Relationship."
Jul 21, 2006 06:15 AM
Kelly Ann Wakayama
Summit to Sea Realty Corporation - Kamuela, HI
Dual Agency is Legal in the State of Hawaii also. 
Jul 21, 2006 06:27 AM
Teri Isner
Keller Williams Realty at the Lakes - Orlando, FL
GRI, CRS, CIPS
We will all be transaction brokers here in Florida by 2007.
Jul 21, 2006 09:03 AM
Donna Harris
Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com - Austin, TX
Realtor,Mediator,Ombudsman,Property Tax Arbitrator
As long as their is education on both sides, there is nothing wrong with representing both sides.
Jul 21, 2006 12:10 PM
Sharon Simms
Coastal Properties Group International - Christie's International - Saint Petersburg, FL
St. Petersburg FL - CRS CIPS CLHMS RSPS
Florida used to allow disclosed dual agency, but now we must transition to Transaction Brokers if we bring both sides to the transaction.
Jul 21, 2006 01:40 PM
Brian Nelso
Thneed, LLC - Aliso Viejo, CA
Brian Nelso

Dual agency is completely legal here in California.  Obviously a lot of disclosures go with the representation.

BN

4MySales.com

Aug 17, 2006 11:43 AM