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What is a dual agent?
What is a dual agency in real estate?
Should you use a dual agent in a real estate transaction?
What is a dual agency agreement?
What is single agency & dual agency?
Do real estate agents have to disclose dual agency?
Jun 5, 2022 · Dual agents, also known as transaction brokers, work for both the buyer and the seller, combining both roles into one. Buyers might stumble across this scenario when they fall in love with a...
- What Is a Buyer's Agent
However, you may still not be comfortable after signing an...
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Selling a house involves a trinity: buyer, seller, and real...
- What Is a Buyer's Agent
- What Is Dual Agency in Real Estate?
- How Does Dual Agency Work?
- What Is A Dual Agency Agreement?
- Dual Agency Pros and Cons
- When to Consider Dual Agency
Dual agency is when a single real estate agent represents both the buyer and the seller in a real estate transaction. It can also occur when an agent represents both the landlord and the tenant, or when the same real estate company represents both parties in a purchase and sale or rental transaction. Single agency is when an agent represents only o...
Here’s how dual agency works in an ideal world. When someone hires a real estate agent, they have the opportunity to decide whether they want to work with a dual agent, and they fully understand the trade-offs of doing so. The agent asks any client who says they’re fine with dual agency to sign an official disclosure from the state department of re...
A dual agency agreement is entered into between the buyer, seller and the real estate agent stating that the agent will serve as both the seller’s agent and buyer’s agent in the sale of the property in accordance with state law. It also lays out how the agent must conduct themselves in representing both parties, including the stipulation that the a...
State laws about when agents have to disclose dual agency, and whether they have to disclose it orally or in writing can leave home buyers and sellers uninformed. Plus, some agents may not follow the rules. To limit the possibility of undisclosed dual agency, ask your agent as soon as possible whether they will be working only for you as a single a...
Some real estate professionals and consumer advocates say you should never consider dual agency. They question whether a dual agent can truly be neutral when facilitating a transaction where they represent both the buyer and the seller. That’s mainly because the seller will want to sell their home for the highest price possible while the buyer will...
Aug 15, 2024 · With dual agency, a real estate agent gets to represent both the buyer and seller in one transaction. While dual agency can be efficient and reduce communication, it causes a potential conflict of interest.
Learn about dual agency, which is what happens when an agent represents the buyer and the seller, plus some pros and cons to help you weigh the decision.
Jul 23, 2024 · What is dual agency, and how does it work? Typically, when a buyer searches for and purchases a home, they do so with the help of a buyer’s agent — an agent who works specifically for them,...
Jun 21, 2023 · Dual agency occurs when the buyer and seller work with the same agent in a real estate transaction. Buyers and sellers are typically represented by different real...
Oct 9, 2023 · What Is Dual Agency in Real Estate? In the realm of real estate, a dual agency is a situation where a single agent—referred to as a dual real estate agent—represents both the buyer and the seller in the same transaction.
