Many buyers and sellers feel uneasy about sharing one agent.ĭual agency is usually initiated when a buyer approaches the listing agent to represent them - or when a seller’s agent has a buyer client write an offer on the property they’re selling.īut the buyer and seller must consent to dual agency before they sign the purchase contract.This number is high, especially when you consider that: In fact, 10-20% of all home sales involve one real estate agent who works with both the buyer and seller. The typical home sale will have separate agents representing each party.īut a dual agency situation still happens more than it should. Most real estate transactions aren’t like this. This means the dual agent is legally representing both parties by working as the seller’s agent and the buyer’s agent. What is dual agency in real estate?ĭual agency occurs after a buyer and seller sign a purchase contract agreeing to work with the same real estate agent. I’m going to use my experience in the real estate industry to share everything I know about dual agency - and why you should probably avoid it. I’ve seen dual-agency transactions be detrimental to sellers and buyers. These scenarios allow the listing agent to also work as the buyer’s agent.Įssentially, the seller and buyer share the same real estate agent. It’s common practice to be represented by your own real estate agent when you buy or sell a home.īut some real estate transactions will spark dual agency.
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