Monday, August 28, 2006

Who Is The Dual Agent Working For?

Good question - is it the buyer, seller or the agent?

Don't get me wrong, a dual agency isn't always a bad thing - it really depends on how ethical the agent is.

Most USA States require agents to inform their clients whom they represent. Dual agents have a responsibility to both the buyer and the seller, and must disclose the relationship to all interested parties. A dual agent cannot disclose to the seller what the buyer is willing to pay and cannot disclose to the buyer what the seller is willing to take. Dual agents must disclose all known material defects.

No comments: