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Rainmaker
1,178,743
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

That question has been asked over 342 times by mostly Utah school students. They post but does not discuss. The next student comes along...... 

Apr 10, 2016 01:21 PM
Rainmaker
2,066,074
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Great question and answers. 

Dec 08, 2019 09:27 PM
Rainmaker
1,598,130
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

You got all right answers. Best of luck. 

Dec 08, 2019 09:07 PM
Ambassador
3,724,077
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

The rules vary from state to state, and this is one thing you need to be clear on wherever you work - before you hit the streets!  In many places it is against the law.  In other places where you may legally do it, your broker may not permit it.  It's generally a bad idea and a lawsuit waiting to happen, especially if you are a new agent.

Apr 17, 2016 05:13 AM
Rainmaker
2,683,552
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

When one agent cooks, cleans & does windows for all parties. If done well, it doesn't affect anyone. The trick is...can you do it. Easier said than done

Apr 11, 2016 12:00 AM
Rainmaker
804,177
Susan Laxson CRS
Premiere Plus Realty - Naples, FL
Realtor in Naples & Marco Island, FL

I think the comments already posted cover the subject thoroughly. Most agents either practice it or won't touch it.

Apr 10, 2016 11:44 PM
Rainmaker
4,298,366
Richard Weeks
Dallas, TX
REALTOR®, Broker

It Texas dual agency is not allowed in real estate transactions.  If a broker is going to represent both parties one must do so as an intermediary. 

Apr 10, 2016 11:39 PM
Rainmaker
1,466,027
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Jay Thomas Carlson Dual agency is legal in my state, if properly disclosed and signed up to by all parties. Many people think it is representing both parties to the transaction, but that is not true. It is more of facilitating the transaction to a successful close.

Apr 10, 2016 11:24 PM
Rainmaker
3,070,784
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

It's something I don't do.  It limits representation to the Seller and the Buyer.

Apr 10, 2016 10:35 PM
Rainmaker
6,961,853
Roy Kelley
Retired - Gaithersburg, MD

Follow the requirements in your state.

Apr 10, 2016 10:27 PM
Rainmaker
4,243,880
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It depends on your state where you are licensed.   In California, it means a buyer and seller are represented by the same brokerage -- not necessarily the same agent or the same office of the brokerage.   

This relationship needs to be disclosed in writing.   Some clients don't like it, some don't care --- it occurs on a regular basis.  

Apr 10, 2016 10:10 PM
Rainmaker
4,507,336
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Agency is a tricky subject. Just ask the politicians who attempt to regulate it. It varies from state to state. Some things you just can't legislate!

Apr 10, 2016 09:49 PM
Rainmaker
4,433,809
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

 I do not like to be a dual agent .

Apr 10, 2016 09:35 PM
Rainmaker
634,382
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

One agent representing both the seller and the buyer. In some difficult circumstanses it is the only way the deal would actually close.

Apr 10, 2016 06:14 PM
Rainmaker
2,506,165
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Jay. I see dual agency situations once in a while, even folks that are not represented at all. They are not easy to work with.

Apr 10, 2016 05:44 PM
Ambassador
4,316,065
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Jay Thomas Carlson - in dual representation a buyer and seller are represented by the same real estate professional.

And answer to second part depends on how well the agent handles it.

Apr 10, 2016 03:54 PM
Ambassador
5,696,016
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

It cuts down on the amount of adversarial situations between agents that often destroy deals.

But it also leaves the situation open for a conflict of interest.

Apr 10, 2016 03:04 PM
Rainmaker
1,157,535
FN LN
Toronto, ON

The term "dual representation" is no longer used in our province.  The term is now "multiple representation" and occurs at the brokerage level.  It occurs on a regular basis here.

Apr 10, 2016 02:38 PM
Rainmaker
3,669,316
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Jay Thomas Carlson This is an interesting good question.

Apr 10, 2016 01:46 PM
Rainmaker
1,424,650
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

The greatest thing since sliced bread, if you can get it!

Apr 10, 2016 12:59 PM
Rainmaker
1,525,355
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Dual agency is when an agent is working with both the buyer and seller in a transaction.

Apr 10, 2016 12:51 PM
Rainmaker
1,708,235
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It is something that does not exist in Oklahoma.

Apr 10, 2016 12:36 PM
Ambassador
2,604,443
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Dual Agency is illegal in Florida, although they replaced it with something called "Transaction Brokerage", which is remarkably similar.

The Buyer and Seller get "limited confidentiality" from the Transaction Broker. 

Florida Statute 475.278 Authorized brokerage relationships; presumption of transaction brokerage; required disclosures.—

Apr 10, 2016 12:36 PM