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Rainmaker
4,921,226
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Stacey,

That question was just asked and answered two questions ago.  Check those out also.

Jan 03, 2017 09:26 PM
Ambassador
4,306,997
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

stacey wuyts - simple. Your client's interest comes first. And many agents forget this.

Jan 03, 2017 03:08 PM
Rainmaker
1,506,571
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Yes, and I just answered it. Again. See an earlier post. Good luck with your school. 

Jan 03, 2017 07:00 PM
Ambassador
4,252,332
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Ignoring your responsibilities to your client, whether buyer or seller 

Jan 03, 2017 03:31 PM
Rainmaker
1,482,006
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

None if you always put the best interest of the client first!  

Jan 03, 2017 02:50 PM
Rainmaker
1,042,137
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

Jeez that's an open ended question short answer is your DUTY is first to your clients... remember the difference between clients and customers

Jan 28, 2018 10:39 AM
Rainmaker
4,383,064
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

There are no problems.

Jan 05, 2017 08:48 AM
Ambassador
2,468,722
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

That question was asked just a few minutes ago.

Jan 04, 2017 08:02 PM
Rainmaker
1,306,592
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

LOL!  When the other agent doesn't know where their relationship stops.

Jan 04, 2017 09:17 AM
Rainer
2,265
Greg Brady
One Realty Corp - Jacksonville, FL
Work mostly with Investors

Agency laws are different state to state. Here in Florida we have Single Agency, Transaction Agency and No Broker or Representation Agency.  

The transaction agency allows us to represent both parties in a deal, owing fiduciary duties to neither, but rather representing the transaction. We still have to deal fairly and honestly with each party, and keep confidential information such as how much they would offer or how much a seller would accept from the other party. 

  Single Agency is more traditional, where an agent(and Brokerage) represent one side of the transaction. In my opinion, this is the cleanest form of relationship as you are clearly on the side of the seller or buyer.

No Rep is exactly that, you don't represent the party at all, you're just facilitating paperwork for a fee.  You might use this if a FSBO asks you to help them with the sale when they have a buyer already, or if you do a flat fee listing.

 

 

Jan 04, 2017 09:11 AM
Rainmaker
1,592,130
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Chapter 1, Agency

Jan 04, 2017 07:06 AM
Rainmaker
3,637,425
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Depending on your state, the state legislature. They pass the laws they don't understand! It is downhill from there. Most who teach it are without a clue!

Jan 04, 2017 06:44 AM
Rainmaker
4,432,941
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

None

Jan 04, 2017 06:35 AM
Rainmaker
1,411,327
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

stacey wuyts None if properly disclosed.

Jan 04, 2017 06:25 AM
Ambassador
1,615,582
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

we must get along with people

Jan 04, 2017 06:22 AM
Rainmaker
3,676,349
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Disclosure matters.  Always.  

Jan 04, 2017 05:58 AM
Rainmaker
5,388,650
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

no difficulties should arise when the agent and the client each understand and exercise the meaning of agency....

Jan 04, 2017 05:56 AM
Rainmaker
3,066,356
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Praful Thakkar nailed this one!

Jan 04, 2017 05:22 AM
Rainmaker
3,494,180
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

AND I REPEAT FROM A FEW MINUTES AGO:

Difficulties arise because agency is not well understood by many agent and not well explained to their clients. Beyond that, your question is way too broad based. Why not write an entire post on this subject?

Jan 04, 2017 03:48 AM
Ambassador
3,302,643
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

You owe your allegiance to your buyer or seller. No problems!

Jan 03, 2017 11:23 PM
Ambassador
4,756,318
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I never look for difficulties.

Jan 03, 2017 09:51 PM
Rainmaker
1,157,329
FN LN
Toronto, ON

Many difficulties can arise.  Reading court cases for the relevant juridiction can help you understand some of the issues.

Jan 03, 2017 09:02 PM
Ambassador
3,713,390
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

The answer to this varies tremendously from one state to another.  Your course materials should include the answers that apply to the state you'll be working in.  

Jan 03, 2017 08:22 PM
Rainmaker
3,058,340
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

stacey wuyts Clients' interest is your primary responsibility.

Jan 03, 2017 08:19 PM
Rainmaker
3,985,581
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Not many in my life

Jan 03, 2017 06:05 PM
Rainmaker
864,056
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Always protect your client's best interest and you will be OK. 

Jan 03, 2017 06:02 PM
Ambassador
3,720,216
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

AMEN to what Carol Williams said - that's it in a nutshell!

Jan 03, 2017 04:58 PM
Rainmaker
4,798,831
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I haven't had any problems.

Jan 03, 2017 04:51 PM
Rainmaker
5,883,760
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Unqualified agents.

Jan 03, 2017 04:36 PM
Ambassador
1,706,708
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It is common law not statute law.

Jan 03, 2017 04:33 PM