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A Wolf
in Sheep's Clothing?
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Not all Buyer Agents will remain as Agent for their client Buyer exclusively throughout the real estate buying process. Many an Agency's salespeople say they will be a Buyer's Agent but when you become interested in one of their Agency’s listings, they ask you to consent to Dual Agency and sign a Dual Agency agreement. |
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This is because the salesperson's Agency has already promised to get the highest price and best terms possible for their Seller client. The salesperson's Agency has now also promised to get you, their Buyer client, the lowest price and best terms possible. This is a conflict of interest. In Double Agency, the Buyer and Seller are asked to complete the transaction with limited or diminished Agency representation. When an Agency sells a Seller client's property to their Buyer client, the Agency does not have to split the commission with another Agency. The Agency retains the most money possible from a property transaction. This action is often referred to as a "double ender". |
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Beware of the Doubles!
Is your trusted real estate advisor a Double Agent? You have the right to say "NO" to dual agency!
You have the right to Undivided Loyalty!
You do not have to accept less. Demand full representation! Find an Agency that will fully represent your best interests.
Larry Estabrooks, Independent Agent, REALTOR® |
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