Comments on: Ethical Dilemmas: The real cost of dual agency

By: Greg

Greg — Wed, 29 Jan 2025 18:48:41 +0000

In reply to Jeff Miller. I make it a priority to provide market data and offer personal viewings of competitive listings to buyers approaching my listings directly. That is actual representation. What you are describing is customer service (in the old days). I also require my sellers to be above board with disclosures. If everyone tells it straight up, no one gets upset.

By: Jeff Miller

Jeff Miller — Wed, 29 Jan 2025 17:30:20 +0000

Perhaps consider from BPO perspective – business process analysis. Hard to get away from conflict of interest. The listing agent knows the seller, has the home truths on property and market. So immediate issues of inequality. In “dual agency” with one agent as passive information provider, both buyer and seller are deprived of negotiation representation and left to their own devices…and leading to possible conflict. In the industry, buyer agent commissions can be seen as the compensation for working with a buyer and ultimately transacting a deal. The “dual agent” double-end “jackpot” commission arguably should be less as the listing agent had not been working with buyer did not negotiate and “simply” administered a deal However other factors such as communication, inspection, mortgage, lawyers, brokerage etc. need to be recognized “Risk” can be handled by industry insurance or not do dual agent

By: Wendy Webb

Wendy Webb — Wed, 29 Jan 2025 15:37:36 +0000

I am looking forward to your subsequent articles!

By: David Watkins

David Watkins — Wed, 29 Jan 2025 14:53:52 +0000

I am a commercial,industrial sales and leasing Agent. Most of my transactions I represent 2 or more parties. It’s important that parties understand what I must disclose and what must be kept confidential unless otherwise directed by a Principal. Price is left between the two parties and they understand and appreciate that. I am there to make sure information is exchanged accurately and fully. My Clients love it. So much easier to make a transaction work when you have a middleman to smooth out the lumps, make sure each party has their due diligence and document everything in writing. Honestly, commission rarely comes up. I don’t sell houses and I don’t understand what ought to be a relatively simple transaction has so much drama. IDK.

By: Robert Ede

Robert Ede — Wed, 29 Jan 2025 12:59:03 +0000

Congrats!!

opening the discussion