Dual Agency Doesn’t Benefit Consumers

By
Real Estate Broker/Owner with Carolina Buyers Agent C 10204

Do you know the risks of dual agency? Better read this article from Realtor Magazine about the perils of dual agency:

The topic of dual agency stirs many opinions within the real estate community. There are some agents who are dead set against it. Others say they have absolutely no problem with it. But having been a real estate professional for 32 years, I can unequivocally say that many real estate agents have no idea how dual agency truly works.

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Rainmaker
1,190,017
Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417
United Real Estate - Addison, TX
Real Service. Real Results. Real Estate

Dual agency isn't allowed in Texas, but if the broker allows, we can do "intermediary." I have used this twice, once where parents were selling the home to their daughter and no negotiations were involved; and once when an ex-husband (on good terms with his former spouse) sold the house to the mother of his child and no negotiations were involved.

Apr 21, 2019 07:04 AM #1
Anonymous
Julie Tuggle

Hi Lorrie,

You've given examples of reasonable exceptions that make sense in both cases. But unfortunately, most of the time the financial incentive to double dip overrides common sense!

Apr 21, 2019 07:23 AM #2
Rainmaker
4,066,666
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Colorado decided several years ago to abolish dual agency, as so many agents got in trouble.

Apr 27, 2019 04:29 PM #3
Rainmaker
40,150
Carolina Buyers Agent
Carolina Buyers Agent - Charlotte, NC
We Specialize in Buyer Representation Only!

So Joan, if your company is representing a seller, is it ok with buyers not to be represented if they are interested in one of your company's listings? 

Apr 27, 2019 07:27 PM #4
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Rainmaker
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Carolina Buyers Agent

We Specialize in Buyer Representation Only!
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