Comments on: Dual Agency Still a Huge Issue in Real Estate

By: Henderson NV Homes

Henderson NV Homes — Wed, 03 Mar 2010 10:06:50 +0000

Yeah definitely a clash of fudiciary interests here. I can see why it’s illegal. Like PA said, there’s no way both agents could be holding the best interests of the client. What is surprising is why a client would want to do this in the first place. It just cries for malpractice.

By: Real Estate

Real Estate — Mon, 10 Aug 2009 20:04:46 +0000

Such a touchy subject. I agree keeping the monies all under one roof, but it would take a highly ethical agent to represent both the buyer and the seller. I don’t think I would personally want to be in that position; on one hand you want your client selling to get the highest price possible, but on the other, your buyer needs you to work hard to get the best deal possible. Recipe for disaster in my opinion.

Thanks for the stimulating conversation…really liked this topic.

By: Henderson Nevada

Henderson Nevada — Thu, 11 Jun 2009 01:42:45 +0000

It’s about the money and keeping the commissions in house. While I believe a client would/should run from such an arraingment I don’t see it as being a legal issue… more one of common sense and ethics. The latest thing here is holding potential buyers hostage to specific lenders. Can’t even make an offer on many homes unless you go through a preferred lender. And this in a foreclosure market. Seems that some people have lost touch with the fact that buyers and sellers are real people who are not just in business to feed their commissions.

By: PA Foreclosure

PA Foreclosure — Tue, 09 Jun 2009 19:54:03 +0000

I agree that it is a large conflict of interest. It is like hiring an attorney to represent both the husband and wife in a divorce. There is no way that both parties will be able to be represented in the best way possible.

By: Kingsport Real Estate

Kingsport Real Estate — Fri, 05 Jun 2009 21:44:43 +0000

Even if it is allowed, it should not be practiced!! How could you possibly have both party’s interest in mind?

Not everything “allowed” is ethical. I would rather answer to a higher code.

Thanks for the post….appreciate it very much!!!

By: Doug Orlando Real Estate

Doug Orlando Real Estate — Thu, 02 Apr 2009 08:52:51 +0000

This is not acceptable in many states and I would like to know how legislators can justify dual agency. I would not never use a dual agent. Why wouldn’t a person, once they understand this, use a buyer’s agent if they are buying? It seems like a no brainer.