What is dual agency? – David Reecher
Dual agency occurs when the same real estate agent represents both the seller and buyer. In most cases, it’s not a good idea for one agent to represent both parties in a real estate transaction. The listing agent’s job is to sell a home at the highest possible price, while the buyer’s agent aims to negotiate the lowest price for the buyer. In this case, the agent and his client’s interests aren’t aligned.
Some buyers feel that a dual agent will be more motivated to write an offer on his own listing since he’ll get double the commission from both sides of the deal. This is a possibility, but buyers and sellers should be sure to understand all potential conflicts of interest before entering into a dual agency relationship.