Although dual agency is allowed in many states including Washington State, it is very hard to walk that balance beam. I find it very hard to give 100% loyalty to one party and 100% to the other. In my last case of dual agency I stepped back and became a facilitator, with my seller's written permission. This was not only lucrative but very fair to each party.
I also offer a $250 for each party to consult an attorney if need be. In fact each party rarely does this and puts the money towards closing.
This might be something to address in your listing presentation. My clients appreciate hearing I have this solution before it becomes an issue.
How do you address this issue and when???
Authored by Paul S. Henderson, Realtor ®, Lacey, WA.
©2008 Paul S. Henderson, 100% Loyalty, All Rights Reserved
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