Friday, August 04, 2006

How Home Buyers Have Choices Of Real Estate Representation.

A real estate office usually takes property listings and represents the seller. However, a lot of real estate agents are also happy to represent a buyer of the same property. They become what's known as a "dual agent".

The problem with a dual agent situation is the perception that neither party is truly "represented" due to the conflict of interest. Despite reassurance of indepenence, there is always that element of doubt as to whose interests the dual agent is really representing.

Some real estate agents have a policy not to work as dual agents and will only represent one client in any real estate transaction. Personally, I'd rather have a real estate agent who is representing me and me alone.

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