Be Careful of the "Dual" Agent
Some agents will represent both buyers and sellers; they are called "Dual" agents. In
many cases, the same agent will list the property and submit your offer. In fact, they
are required by law to remain confidential with both clients. There is nothing legally or
ethically wrong here, however it is hard to understand how the agent can negotiate to
the best of his or her ability on your behalf. Instead of becoming a negotiator, they
often play the role of mediator.
It is easy to assume that no agent can represent buyers and sellers as well as an
agent who declares for just one party or the other. Buyers and sellers opt to use
"Dual" agents to get a savings in commission. An agent who represents both buyers
and sellers doesn't have to split the commission with other agents and may be willing
to throw in some of that commission, which, in effect, will get you a reduced price.
many cases, the same agent will list the property and submit your offer. In fact, they
are required by law to remain confidential with both clients. There is nothing legally or
ethically wrong here, however it is hard to understand how the agent can negotiate to
the best of his or her ability on your behalf. Instead of becoming a negotiator, they
often play the role of mediator.
It is easy to assume that no agent can represent buyers and sellers as well as an
agent who declares for just one party or the other. Buyers and sellers opt to use
"Dual" agents to get a savings in commission. An agent who represents both buyers
and sellers doesn't have to split the commission with other agents and may be willing
to throw in some of that commission, which, in effect, will get you a reduced price.
Still have questions? Contact me today for a free
consultation!
consultation!
Colin O’Neal
Buyer’s Agent
200 N. Rufe Snow Drive, Ste.102
Keller, TX 76248
(817) 898-0145 Office
(817) 898-1771 Fax
colin@househuntersdfw.com
Buyer’s Agent
200 N. Rufe Snow Drive, Ste.102
Keller, TX 76248
(817) 898-0145 Office
(817) 898-1771 Fax
colin@househuntersdfw.com
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