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Dual Agency/ is it worth taking on?

By
Real Estate Agent with Berkshire Hathaway Home Services Res0759330

Happy Easter to everyone!

Recently, I have been involved in "double bubbles" more than ever, in my 17 yr career in real estate. I have to say that I'm not sure why they have come about more frequently, other than more years in the business provides more of a referral basis. 

I find them very challenging, not to convey that in a bad way but quite the opposite- I enjoy the challenge! Some Realtors I've spoken with don't involve themselves in such situations and just simply refer out one side or the other. I can relate to doing so, but then again I'm a "love a challenge" type of personality, especially in the world of Real estate!

I can honestly say that both parties I have represented on the same transaction have been happy with their outcome. A realtor(in my opinion) should be Ethical and honest at all times, whether a 2 sided deal, one sided, or just offering info even if not in a transaction at the time. These values assist in possessing a great reputation and can certainly ease the stress a Consumer might have in the event of Dual Agency.

Of course, the stress in such a situation does not curtail itself to the consumer, the agent certainly shares in the pressure. Inspection issue resolves between buyer and seller has always been taxing to me as an Agent, more so in a dual agency. I have found though, if you separate yourself from the Buyer when in the presence of the Seller, and vice versa &  treat it as if it were not dual, it works!

www.kevinwgreen.com

Comments (6)

William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I do 60% dual with no issues and al parties happy with the results

Apr 16, 2017 06:56 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Sometimes it works as long as all parties are aware of the expectations

Apr 16, 2017 07:05 AM
Kevin Green
Berkshire Hathaway Home Services - Wallingford, CT
Residential & Equine Properties

Great Will! Good to hear! 

Apr 16, 2017 07:06 AM
Randy Hilman REALTOR® Associate Broker
Randy Hilman Homes in partnership with Bean Group - Moultonborough, NH
Guide & Mentor to Home Buyers & Sellers

Good morning and may you find a Happy Easter this fine day.  "Love the challenge" and the increased liability?  I've done more than a dozen duals and there's never been a time when both parties were satisfied.  Why?  Because when the mud hits the fan, and it always does in the remorse phase of the transaction, buyers and sellers want an advocate.  We can reduce risk and shoulder burdens but when it becomes necessary to offer our support, buyers want to be supported exclusively. I'm glad to know it works for you.  Obviously you're doing something that wards off conflict and I'm not.  It's easier for me to represent a seller and assist an unrepresented buyer customer than it is to be a dual rep.  Learn me somethin'.  Cheers.

Apr 16, 2017 07:08 AM
Kevin Green
Berkshire Hathaway Home Services - Wallingford, CT
Residential & Equine Properties

Kristin- absolutely/ has to be full disclosure right from the beginning/

Apr 16, 2017 08:07 AM
Kevin Green
Berkshire Hathaway Home Services - Wallingford, CT
Residential & Equine Properties

Randy- thnx for your reply- agreed that some Realtors are not comfortable with handling both sides- I have a very good friend/ Broker that chooses not to be involved with Dual

Apr 16, 2017 08:08 AM