1,955,212
It all depends on who the agent is and how well they communicate with their clients. It can work. I have had many and it all boils down to trust. I have also had some where I referred the buyer to another agent to represent the buyer. Be up front with the buyer and seller and take it from there. As a listing agent, the seller always comes first and I make sure their instructions are paramount.
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Ron and Alexandra Seigel
Carpinteria, CA
-
Maria Sapio
Carlisle, PA
-
Nina Hollander, Broker
Charlotte, NC
-
Peter Mohylsky, Beach ...
Miramar Beach, FL
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
5,230,113
It depends upon the state you're in - dual agency is not legal in all states.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Richard Weeks
Dallas, TX
-
Bob "RealMan" Timm
Minot, ND
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Michael Jacobs
Pasadena, CA
4,572,183
It depends. On your state. On your client(s). On your broker. On you. You have some studying to do, grasshopper. Hit the books/study material.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Richard Weeks
Dallas, TX
-
Bob "RealMan" Timm
Minot, ND
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Debe Maxwell, CRS
Charlotte, NC
5,583,278
it's of no use to any client....only to the listing agent.....double sided....
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Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Bruce Kunz
Howell, NJ
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
2,684,109
Illegal in Florida.
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
5,104,931
I don't care for it... but this question has been asked and answered hundreds of times. I suggest you might check the archives and maybe write a post about what you learn... you'll learns so much more that way.
-
Michael Jacobs
Pasadena, CA
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Bob "RealMan" Timm
Minot, ND
-
Richard Weeks
Dallas, TX
2,390,620
It depends on the clients Caleb Brinker . As others have said it's illegal in many States. It is legal here in ND and often my Sellers prefer I bring the buyer to the table.
-
Michael Jacobs
Pasadena, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Diana Zaccaro Broker A...
Cocoa Beach, FL
-
Nina Hollander, Broker
Charlotte, NC
1,090,762
This question is state specific. Are either of those legal in your state? If not, the answer is irrelevant to your studies.Dual agency is illegal here and I have never heard of "limited" agency.
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
716,049
Glad to see you are not a blue anonymous person. So, thank you to you, and also kudos to you.
To answer your question, my answer is: it depends. I have done dual agency deals "many" times under the 'right' circumstances. Got tons of examples. On other times, the answer would be negative - it would be a no-no fraught with liabilities and problems of all sorts - not a good practice of risk management and good realtorship. It's a big topic for a question on this forum.
The pros in the major leagues get it, and know how to do it right, for the right circumstances.
Do a bit of research on AR and you'll find some great information about it, including disagreements.
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
1,209,215
It's practiced here in Indiana. My husband and I have done it quite a few times. As long as it's known and agreed to by all parties AND you follow every single rule, you should be fine.
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Richard Bazinet /MBA, ...
Scottsdale, AZ
-
Michael Jacobs
Pasadena, CA
758,035
There are different laws in different states.
-
Michael Jacobs
Pasadena, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Bob "RealMan" Timm
Minot, ND
1,712,676
We do not have that in Oklahoma.
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
1,197,152
It’s not a good thing in my opinion. I don’t like it at all.
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
1,311,397
There are many varied and strongly held opinions on both sides of dual agency. As your career unfolds you will make your own decision. Make it wisely.
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
2,339,248
As long as it is disclosed and agreed to by all parties --disclosed and agreed in writing and it is legal in your state .
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Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
74,540
Good for brokers, bad for buyers.
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
1,502,998
Those are two different things. We have both in California. For the right situation they can be good, so long as the agents are fine and upstanding and capable.
Limited: Out here essentially means "courtesy listing the home in the MLS only, not responsible for anything else." Not hard to do at all. There are companies that charge $500 to do this.
Dual: Representing both the buyer and seller. So long as you are ethical and understand the limits of what you can say and do, you'll be golden.
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
7,836,139
Good or bad, follow the rules in your state.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
2,220,654
Good luck with your studies.
-
Michael Jacobs
Pasadena, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,598,452
xxxxxxxxxxxxxx
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Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
3,345,091
4,800,082
2,781,173
It is up to the individual to assess themselves and know their limitations and strengths. Many do it all for the money but that should not drive all decisions
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
5,772,575
This a subject with a lot of pros and cons. Too big of a question to answer in this forum
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
564,494
Thank you Sheri Sperry - MCNE®
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
3,416,038
With dual agency you can not get the highest price for your seller while getting the lowest price for your buyer. With limited agency, would you hire a limited doctor? attorney? NO.... you get what you pay for so hire at a discout and get discount services
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Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
921,504
Those agents uncomfortable with the idea or inexperienced should avoid this option.
Meanwhile some states prohibit dual agency.
Other states make no distinction whatsoever and employ the 'transaction broker' model.
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Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
4,882,355
It makes no difference what I think. It Texas it is not allowed.
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
5,216,409
It depends on the agent and the managing broker!
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Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
4,434,127
3,626,530
It happens a lot around NW Arkansas. The secret is to follow the rules that are in place
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
1,239,901
write down pros and cons.
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Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
6,393,494
Dual agency can be a good thing as long as everyone knows what is happening and that the agent remains neutral.
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
5,868,554
2,071,025
I am going to buy that book from your school and let you know what page this subject is covered.
You got me with you professor (no comments about him)
3,986,258