Quote:
Originally Posted by FrozenAngel
This is a serious topic and should be taken seriously. This as you have learned in the US is called Dual Agency. Many realtors here like to talk like this is illegal in most states here in the US but in fact many states continue to allow RE agents to practically lie, cheat and steal from BOTH buyer and seller aka DUAL AGENCY. I think it's pretty obvious that if Catholic priests (people who are held to a higher level than the average person) can't keep their hands to themselves, I think it is totally NAIVE if not down right AS*-A-9 to think that RE agents are going to have 2 seperate clients best interest an hand! OH PLEASE!!!
Excellent post! Let's do everything we can to protect the innocent.
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Actually FA the transaction brokerage of FL is far more devious. Yet does not seem to catch the heat.
Dual has little justification except it is good for some RE Agents. And it is somewhat related to the ancient forms of RE Agency.
Note that there is one interesting variant on dual. That is when the commission is also dual. If the agent takes both sides he cuts the commission to 4 or 4.5%. Now of course there is an advantage to at least one and probably both of the clients.
I don't care for it and unload duals to a another agent. And actually the buyer gets a far better agent than they would ever have been able to pick.
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