Warning: Array to string conversion in /srv/users/serverpilot/apps/srem-wordpress/public/wp-content/plugins/wp-optimize/minify/class-wp-optimize-minify-front-end.php on line 1270 Skip to content
Why Dual Agency in Real Estate Is Bad For Buyers and Sellers
Dual agency real estate is a situation in which one agent represents both the buyer and seller in the transaction. It may sound sensible, but in fact is very problematic. Your real estate agent is supposed to be on your side during the transaction, but dual agents are required by law to be neutral. Dual agents often mislead buyers and sellers as to the nature of dual agency for their own purposes. They may convince you it saves a little money on agent fees, only to have you lose much more money during the transaction. There are seven US states in which dual agency is illegal.
Key Takeaways:
Buyers and sellers have different needs and the agent cannot serve both of them at the same time.
A dual agency cannot give you advice because they have to remain a neutral third party.
A dual agency gets double the real estate commission on a sale, so they will try to make you think there is nothing wrong with this practice.
“Have you heard of dual agency and never knew what it meant? It’s when one real estate agent represents both a seller and buyer in the same sale. It may sound like a good idea, but it’s something you should avoid.”
UPDATE: A previous integration with Zoom has been removed from our platform. This post has been edited to reflect the change. Great news! We’ve added Google
The BEST way to get more real estate business is by creating more live conversations with your leads. Listings offer great opportunities to create these
Why Dual Agency in Real Estate Is Bad For Buyers and Sellers
Dual agency real estate is a situation in which one agent represents both the buyer and seller in the transaction. It may sound sensible, but in fact is very problematic. Your real estate agent is supposed to be on your side during the transaction, but dual agents are required by law to be neutral. Dual agents often mislead buyers and sellers as to the nature of dual agency for their own purposes. They may convince you it saves a little money on agent fees, only to have you lose much more money during the transaction. There are seven US states in which dual agency is illegal.
Key Takeaways:
“Have you heard of dual agency and never knew what it meant? It’s when one real estate agent represents both a seller and buyer in the same sale. It may sound like a good idea, but it’s something you should avoid.”
Read more: https://realtybiznews.com/dual-agency-bad-buyers-sellers/98754560/
Martha
Video Meetings! Google Meet Channel in EngageCRM
UPDATE: A previous integration with Zoom has been removed from our platform. This post has been edited to reflect the change. Great news! We’ve added Google
How To Work Your Database Using EngageCRM
One of the key functions of your ad campaigns is to build your database. Through your regular follow-up activities you’ll notice that some of your
4 Ways to Use Listings to Get More Live Conversations with Your Leads
The BEST way to get more real estate business is by creating more live conversations with your leads. Listings offer great opportunities to create these