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In most states it is, in TX we call it Intermediary status where 2 agents from the same firm represent both parties. Would you exclude your listing agent from showing your house to a qualified buyer they have worked with in the past ? Who knows your home better than your listing agent ?
They must treat all parties fairly, honestly and not disclose confidential information. It is common in smaller towns but my wife & I do it even in the big city.
In most states it is, in TX we call it Intermediary status where 2 agents from the same firm represent both parties. Would you exclude your listing agent from showing your house to a qualified buyer they have worked with in the past ? Who knows your home better than your listing agent ?
They must treat all parties fairly, honestly and not disclose confidential information. It is common in smaller towns but my wife & I do it even in the big city.
It can be done successfully for all concerned.
Ditto - When I practiced in the states there were many times when say I represented the buyer and another agent was the listing agent. We NEVER EVER discussed confidential details about the transaction - we worked just the same as if we worked for completely different brokerages.
thanks for the assist, someone asked me about this because only only did the selling agent and buying agent work for the same agency - they are actually a team - partners.
thanks for the assist, someone asked me about this because only only did the selling agent and buying agent work for the same agency - they are actually a team - partners.
My wife & I are technically 1 person to our broker. She takes care of our listings and I work with our buyers, she's my assistant and I am hers. I've had several buyers I've helped write contracts and submit to her to work with our sellers. We separate our clients and treat each other like we would any other agent when it comes to getting a contract worked.
Teams are becoming more popular yearly and can work well for all parties. Even when another agent in our office brings us a buyers, we treat them with the same respect we give other brokers agents.
Our company has some of the best trained agents and I don't usually have to deal with a moron / jerk / fill in the blank.
Whether or not it is legal and whether or not it is ethically okay are too different things. If the buyer and seller have agreed to dual or designated agency, then they legally agreed to be represented in that manner so it is just fine.
Ethically, I think it gives most consumers a bad case of the "feels icky" syndrome, so I don't think it is a good idea.
Ethically, I think it gives most consumers a bad case of the "feels icky" syndrome, so I don't think it is a good idea.
I tend to disagree if handled correctly. Most of our clients love the way we do it and the results. I think it really depends on the teams process, professionalism & how confident they are in their abilities.
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