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Rainmaker
212,755
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

It is legal in NV also, I think neither has an advantage because that agent has to stay completely neutral to follow the law. You can not advice either side on what they should counter it has to be 100% their choice and you just let the other side know.

What I do as an extra layer of protection is just for the negotiation part have someone else help them from my team or office. That way both sides can have some guidance as to what to offer.

Nov 11, 2015 01:59 AM
Rainmaker
1,239,801
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

If this is your RE exam mock-up question. You need to research more.....

When a new realtor is on the job someone ask one a question your ans is "C" or let me ask AR friends.

Nov 11, 2015 01:16 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

It's legal in AZ too.  I see it being a disadvantage to both - so we don't do it.

Nov 10, 2015 10:42 PM
Rainmaker
1,661,836
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

In New Mexico it's okay to double end a transaction.  You just have to keep it equal and keep all parties updated and informed at all times. Stay neutral.

Nov 10, 2015 07:59 PM
Rainmaker
5,216,284
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

It is legal to represent both parties in Florida as a Transaction Broker. Advantage is a matter of perception!

Nov 10, 2015 07:16 PM
Rainmaker
7,835,293
Roy Kelley
Retired - Gaithersburg, MD

Many of us had years of success in real estate sales before the concept of buyer agents. A reputable real estate professional will seek fairness for all of the parties.

Nov 11, 2015 03:27 AM
Rainmaker
1,052,056
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

AZ, disclosed dual agency is legal. We don't prefer to do it as the liability increases. However, I would rather have 1 competent agent on 2 sides than an incompetent on 1 side gumming up the deal.

Nov 10, 2015 11:08 PM
Rainmaker
2,362,584
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

not unless the agent is willing to reduce his/her commission because he is the only realtor in the transaction - and why should that happen since that agent is doing twice the work with all the legal liability and risk.

DC and MD allow the same but Maryland does not. I will write an offer for a buyer as the listing agent but never would "represent" both sides in the transaction - that is an oxymoron to me and a clear trip to realtor nightmares. 

Nov 10, 2015 07:47 PM
Rainmaker
2,759,812
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Wednesday morning. It is legal here in the state of Tennessee as well. You are right, in that the seller does have the advantage however, you still must do your due diligence to the buyers.

Nov 10, 2015 05:47 PM
Rainmaker
1,598,452
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Great answers you got for your question.

Jun 28, 2019 07:58 PM
Ambassador
6,392,899
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

More efficient.

Feb 03, 2019 09:17 PM
Rainmaker
1,683,912
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

There is no advantage.  Both the sellers and the lose. How can they be sure the confidentiality clause is maintained?

As far as the commission is concerned, they need a different Agent, if they can't come up with a price that benefits both.

Nov 11, 2015 10:50 AM
Rainmaker
1,502,868
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

It is legal here in California too.  You have to be very careful to isolate your seller side knowledge and buyer side knowledge.  I tell both parties up front, you will not have any greater knowledge than you would have had with two separate realtors involved.

 

The benefits come in when the escrow gets underway.  The last deal I did where I represented both sides would NOT have come together if I wasn't holding both sides.

 

The biggest benefit I tell both parties is: "I know I'll return my calls in a timely fashion.  You don't always get that with another agent."

Nov 11, 2015 08:13 AM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

In Texas when a broker represents both parties we do so as an Intermediary.  If done properly neither party has an advantage over the other party.

Nov 10, 2015 10:17 PM