Dual Agent Real Estate Pros And Cons

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Real Estate Dual Agency Pro’s, Con’s and Cautions

Real Cordonrealestate.com More results

2 hours ago Agent Arnold lists a small Silicon Valley home for sale at an asking price of $4,100,000. The seller told Agent Arnold in confidence that he will accept $3,900,000. Buyer Bob meets Arnold at an open house and agrees to let Arnold submit an offer for him in a dual agency situation. Bob wants to offer $4,000,000 and relies on Agent

Estimated Reading Time: 7 mins

Link: https://cordonrealestate.com/real-estate-dual-agency-pros-cons-cautions/

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Pros & Cons of Having a Dual Agent SoFi

Pros Sofi.com More results

2 hours ago A dual agent represents both the buyer and seller in the same real estate deal. Dual agents are also sometimes referred to as transaction brokers. Dual agency can be controversial and is banned in eight states: Alaska, Colorado, Florida, Kansas, Maryland, Oklahoma, Texas, and Vermont. Dual agency

Link: https://www.sofi.com/learn/content/pros-and-cons-of-having-a-dual-agent/

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What Is Dual Agency? (And Why You Should Beware) — Real

What Trulia.com More results

8 hours ago Because a dual agent is working in a potential conflict-of-interest situation — one client (the seller) wants to get as high a price as possible, while the other client (the buyer) wants to pay as little as possible — the agent can’t take sides or give advice. Bruce Ailion, an Atlanta, GA, real estate agent and attorney, compares dual agency

Estimated Reading Time: 7 mins

Link: https://www.trulia.com/blog/what-is-dual-agency/

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What Is Dual Agency? When Agent Reps Both Buyer and Seller

What Realtor.com More results

7 hours ago Dual agency is a situation to describe when a real estate agent works with both the buyer and the seller. to buying a house through dual agency. Here are the pros and cons. the sales price

Estimated Reading Time: 8 mins

Link: https://www.realtor.com/advice/buy/dual-agency/

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Is a Dual Agency Relationship Risky? Zillow: Real Estate

Dual Zillow.com More results

2 hours ago A dual agency with two agents can occur when the buyer’s agent and the seller’s agent are licensed under the same broker. In a dual agency with a single agent, potential buyers may ask a seller’s real estate agent to submit an offer on their behalf. In this case, the agent is acting as a dual agent. Dual real estate agency disclosure

Estimated Reading Time: 2 mins

Link: https://www.zillow.com/blog/dual-agency-in-real-estate-230700/

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Dual Agent: Should You Consider Working With One? Mashvisor

Dual Mashvisor.com More results

2 hours ago The Disadvantages of Working with a Dual Agency/Dual Agent Neutrality. When you work with a dual agent, expect to get minimal real estate investment advice. There’s a conflict of interest here: The seller wants to land on as high of a price as he/she could while the buyer wants to pay as little as possible. Thus, the agent cannot take sides

Estimated Reading Time: 7 mins

Link: https://www.mashvisor.com/blog/dual-agent/

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What is Dual Agency: Why You Should Avoid It UpNest

What Upnest.com More results

4 hours ago Pros and Cons of Dual Agency. Whether you are using the same agent as your buyer or your agent and the listing agent work for the same brokerage company, both are considered a dual agency situation. If you are considering a dual agency agreement, look at this list of pros and cons before you sign the final agreement.

Link: https://www.upnest.com/1/post/what-is-dual-agency-why-you-should-avoid-it/

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Is Your Realtor a Double Agent? (The Cost of Dual Agency)

Your Hsh.com More results

5 hours ago Dual agency is not even legal in some states, and you should probably avoid it even if it's legal where you live. See today's mortgage rates. The Catch-22 of dual agency. Traditionally, real estate agents or Realtors have acted as "agents" for buyers and sellers. (Most of us use the term "Realtor" interchangeably with the term "real estate agent."

Link: https://www.hsh.com/homebuyer/real-estate-agents-dual-agency.html

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Dual agents: When the same realtor represents both the

The Beliveaulaw.net More results

7 hours ago Dual agents: When the same realtor represents both the seller and buyer. When you sell your house, your real estate agent usually represents you throughout the process. And your agent has a fiduciary duty to you, which means he or she has a responsibility to act in your best interest. It is possible for the seller’s agent to represent the

Link: https://www.beliveaulaw.net/2020/10/dual-agents-when-the-same-realtor-represents-both-the-seller-and-buyer/

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Dual Agency: Learn The Rules In Your Clever Real Estate

Dual Listwithclever.com More results

9 hours ago State laws Pros & cons Commission savings Negotiating tips Exit strategies. What is dual agency? Dual agency is when one agent represents both the buyer and seller in a real estate deal. This sets up a potential conflict of interest: an agent is supposed to negotiate on their client’s behalf, but one agent representing both sides of a sale can’t negotiate against themselves.

Estimated Reading Time: 6 mins

Link: https://listwithclever.com/dual-agency/

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Pros and Cons of Dual Agency in Real Estate Nicki & Karen

Pros Nickiandkaren.com More results

4 hours ago The main downside to single agency is that the real estate transaction won’t be streamlined, which means that communication between both parties could take some time. As for dual agency, there are pros and cons to considering this option. If you decide to use a dual agent, you may be able to negotiate a lower commission, which would reduce

Link: https://nickiandkaren.com/ask-a-realtor/pros-cons-dual-agency-real-estate/

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Pros And Cons Of Dual Agency For Buyers And Sellers

And Propertylogy.com More results

1 hours ago Dual agency refers to a single real estate agent representing both the buyer and seller in a real estate transaction. If the mere thought of that kind of arrangement raises alarm bells in your head, you are not alone. A seller agent’s objective is to sell the house as soon as possible at the highest possible price.

Link: https://www.propertylogy.com/knowledge/dual-agency/

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Dual Agency: Pros and Cons Realty Leadership

Dual Realtyleadership.com More results

5 hours ago Dual agency has been causing a stir in the real estate world recently, due to the controversial opinions on the practice. If you are unaware of this term, dual agency (also known as multiple representation or dual representation) is the practice of an agent representing both a homebuyer and the seller of said home in the same transaction.

Estimated Reading Time: 2 mins

Link: https://realtyleadership.com/dual-agency-pros-and-cons/

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Dual Agency: What Is It And Are Dual Agents Bad? Rocket

Dual Rockethomes.com More results

6 hours ago As we discussed earlier, there are other options for real estate agents available to you outside of a dual agent. You want to make sure you hire the agent that best fits your current situation when buying or selling a home. Exclusive Buyer’s Agents. A buyer’s agent is a real estate agent that focuses on assisting their clients through the process of buying a home.

Link: https://www.rockethomes.com/blog/home-buying/dual-agency

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What is Dual Agency and How Does it Work? Redfin

What Redfin.com More results

8 hours ago Before deciding to work with a dual agent, learn more about what dual agency is, the pros and cons, and how it factors into buying or selling a house. Typically, the commission is 5%–6% of the home’s sale price. When the real estate agent is not acting as a dual agent, the commission is split with the buyer’s agent. In most areas, the

Link: https://www.redfin.com/blog/what-is-dual-agency/

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9 Takeaways: What is Dual Agency in Real Estate?

What Raleighrealtyhomes.com More results

8 hours ago Dual agency is when a real estate agent works with the buyer and the seller on the same transaction simultaneously. Here’s a common scenario on when dual agency may occur: A real estate agent is hired to sell the home of a client named Mary. That real estate agent has a second client, named Rob, who is in the market to buy a home.

Estimated Reading Time: 10 mins

Link: https://www.raleighrealtyhomes.com/blog/dual-agency-real-estate.html

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Dual Agency in Real Estate and Its Pros and Cons Master

And Masterrealtysolutions.com More results

6 hours ago Dual Agency in Real Estate and Its Pros and Cons. Dual Agency in Real Estate and Its Pros and Cons Posted by Jali Brister // July 12, 2017. Since there is a conflict of interest where one client (the seller) wants to get as high a price as possible, while the other client (the buyer) wants to pay as little as possible, the agent can’t

Estimated Reading Time: 5 mins

Link: http://www.masterrealtysolutions.com/dual-agency-in-real-estate-and-its-pros-and-cons/

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Dual Agency In Real Estate – Forbes Advisor

Dual Forbes.com More results

3 hours ago Oftentimes, a homebuyer and seller have a different real estate agent, but in 10% to 20% of home sales, both parties have the same agent. However, this practice, called dual agency

Link: https://www.forbes.com/advisor/mortgages/what-is-a-dual-agency/

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Dual Agency Doesn’t Benefit Consumers Realtor Magazine

Dual Magazine.realtor More results

9 hours ago An agent should never be of the mindset that making a commission is the goal at all costs, which is exactly what happens in dual agency. The only fiduciary in the transaction is the real estate agent. Dual agency offers no benefits for consumers. Even if the agent offered a $2,000 commission discount, it doesn’t make up for the client

Link: https://magazine.realtor/news-and-commentary/commentary/article/2019/03/dual-agency-doesn-t-benefit-consumers

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Pros and Cons of Dual Agency New Jersey Real Estate Agent

Pros Webuynjrealestate.com More results

6 hours ago The Pros and Cons of Dual Agency When Working With a New Jersey Real Estate Agent May 5, 2020. By chppartners. The process of buying or selling a home involves a lot of details, and a qualified real estate professional fits the bill to guide you through the process. It might seem like a great idea for both the buyer and seller of a property to

Estimated Reading Time: 3 mins

Link: https://www.webuynjrealestate.com/the-pros-and-cons-of-dual-agency-when-working-with-a-new-jersey-real-estate-agent/

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Pros and Cons of Dual Agency Garner Real Estate Agent

Pros Listandsellnc.com More results

3 hours ago The Pros and Cons of Dual Agency When Working With a Garner Real Estate Agent August 24, 2020. By Neal Barnett. The process of buying or selling a home involves a lot of details, and a qualified real estate professional fits the bill to guide you through the process. It might seem like a great idea for both the buyer and seller of a property to

Estimated Reading Time: 3 mins

Link: https://www.listandsellnc.com/blog/the-pros-and-cons-of-dual-agency-when-working-with-a-garner-real-estate-agent/

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Pros and cons of dual agent Real Estate Investing

Pros Biggerpockets.com More results

Just Now This makes me think of pros and cons of dual agency. The pro I can come up right away is fast sale. If one of your buyers happen to be a perfect match of one of your listings, there is really no point of getting another agent involved. On this respect, dual agency is good to everyone, the agent

Link: https://www.biggerpockets.com/forums/21/topics/67624-pros-and-cons-of-dual-agent

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What is Dual Agency in Real Estate and How Does it Work

What Maxrealestateexposure.com More results

3 hours ago Real Estate agents can essentially do one of three things; represent a seller, a buyer, or both. There are two types of dual agency transactions. One is acceptable, and the other is not. We will cover both. When a single real estate agent works with both parties in a real estate transaction, it is known as dual agency. In this scenario, you

Link: https://www.maxrealestateexposure.com/dual-agency-why-avoid-it/

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Smart home buyers avoid dual agency Inman

Smart Inman.com More results

9 hours ago PROS AND CONS OF “DUAL AGENCY.” the lowest price or terms the seller will accept, and/or (b) the highest price and best terms the buyer is willing to offer. real estate dual agency

Link: https://www.inman.com/2007/04/13/smart-home-buyers-avoid-dual-agency/

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Dual Agency Pros and Cons in Homebuying Zolo.ca

Dual Zolo.ca More results

6 hours ago Dual agency can also occur when different agents from the same brokerage represent each party in the same real estate transaction. There’s been a lot of talk about dual agency, as of late, and we thought it would be a good idea to run through dual agency pros and cons of agreeing to have the same agent represent you and the other side of that

Link: https://www.zolo.ca/blog/dual-agency-pros-cons

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What is Dual Agency in Real Estate? NextAdvisor with TIME

What Time.com More results

9 hours ago Dual agents work for the buyer and seller (or landlord and tenant) in a real estate transaction. Know the pros and cons before agreeing to this arrangement.

Link: https://time.com/nextadvisor/mortgages/what-is-dual-agency/

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Buyer Series: Dual Agency Pros and Cons Buyer

Buyer Youtube.com More results

3 hours ago Buyer Series: Dual Agency Pros & Cons -- Buyer Representation is designed to give you guidance when you begin seriously looking at houses. Should you call th

Link: https://www.youtube.com/watch?v=bnBfTj53REg

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Buying a Home Through a Seller’s Agent – Pros and Cons

Buying Mortgageloan.com More results

1 hours ago Buying a Home Through a Seller’s Agent – Pros and Cons. For home buyers in a competitive market, using a seller's agent can seem like a smart way to win a bid on a house. Buyers can catch a break on Realtor commissions if both sides are using the same agent. The biggest advantage may not be saving money, but the possibility of having a leg

Link: https://www.mortgageloan.com/buying-home-through-sellers-agent-pros-and-cons-9634

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What Is Dual Agency In Real Estate?

What Rochesterrealestateblog.com More results

4 hours ago If an agent indicates that they do work as a dual agent, you need to be aware of the pros and cons. Read on to find out what the pros and cons of dual agency in real estate are. It’s important that if dual agency is allowed in your state and your real estate agent does work as a dual agent that you understand what dual agency is and also what

Estimated Reading Time: 8 mins

Link: https://www.rochesterrealestateblog.com/dual-agency-real-estate/

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Pros and Cons of Dual Agency The Mint Hill Times

Pros Minthilltimes.com More results

3 hours ago Dual agency is a hot topic in the real estate industry. Basically, this happens when one firm or one agent represents both the buyer and the seller in the same real estate transaction. While it’s legal, it’s not necessarily the best idea for either person involved in the transaction. Pros of Dual Agency

Estimated Reading Time: 3 mins

Link: https://www.minthilltimes.com/columns/lets-get-moving-with-anna/pros-and-cons-of-dual-agency/

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Dual Agency In Real Estate Learn About The PROs & CONs

Dual Issuu.com More results

Just Now One scenario that buyers and sellers may face in a real estate transaction is dual agency. Dual agency is when a real estate broker represents …

Link: https://issuu.com/kylehiscock/docs/rochesterrealestateblog.com-what_is

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What Is Dual Agency? Real Estate US News

What Realestate.usnews.com More results

Just Now Dual agency occurs when a single real estate agent represents both the buyer and seller in a transaction. Because there is not another agent to split the commission with, the agent keeps the full commission (often 5%-6% of the sale price), minus brokerage fees. Related to dual agency is designated agency, which is when the buyer and seller are

Link: https://realestate.usnews.com/real-estate/articles/what-is-dual-agency

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Pros And Cons Of Coming Soon Real Estate Propertylogy

Pros Propertylogy.com More results

3 hours ago Dual agency refers to an agent representing both buyer and seller.. Coming soon listings actually encourages this to take place. Should you sell the house “Coming Soon”? While the general attitude towards this type of real estate marketing is unfavorable, there are some instances when they make perfect sense.

Link: https://www.propertylogy.com/knowledge/coming-soon-real-estate/

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The Pros And Cons of Dual Agency In Metro Detroit Michigan

The Sellmiproperty.com More results

9 hours ago So here are the pros and cons of dual agency in Metro Detroit Michigan. What is Dual Agency? Dual agency, as defined by one of the top real estate sites, “refers to the relationship that you, as a buyer or seller, have with your real estate agent. Dual agencies can occur with two agents or with a single agent, which is more common.

Link: https://www.sellmiproperty.com/blog/the-pros-and-cons-of-dual-agency-in-bloomfield-hills/

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Pros and Cons of Buying from the Listing Agent DearMonty

Pros Dearmonty.com More results

9 hours ago The Pros. You may be able to negotiate a more favorable price. The time spent in negotiations may decrease. You may garner information that a buyer-agent would not. The agent may give up information that they should not. There is a reduced chance of miscommunication. You may have an advantage in a multiple offer environment. The Cons. The

Link: https://dearmonty.com/pros-and-cons-of-buying-from-the-listing-agent/

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Advantages and Disadvantages of a Buyer's Agent HGTV

And Hgtv.com More results

4 hours ago Of course, there are still plenty of agents who will provide dual representation. “A dual agent is an agent that represents both the buyer and a seller in the transaction,” says Michelle Corsi, a licensed real estate salesperson and team leader with the Steve Wrobbel Team at Howard Hanna in Rochester, New York. “The agent is not able to provide a full range of fiduciary duties, and there

Link: https://www.hgtv.com/lifestyle/real-estate/learn-the-pros-and-cons-of-a-buyers-agent

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Pros and Cons of Dual Agency For Buyers and Sellers in

And Phyliciakostner.com More results

1 hours ago In some states, agents may refer to dual agency to mean both the buyer and seller agents working at the same agency, whereas elsewhere it means when the buyer and seller use the same agent to facilitate the real estate deal. Because dual agency can refer to a couple different scenarios, and it’s an atypical situation for buyers and sellers to

Link: https://www.phyliciakostner.com/blog/pros-and-cons-of-dual-agency-for-buyers-and-sellers-in-roseburg/

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The Dual Agency’s pros and cons in Utah

The Fasthomeofferutah.com More results

(801) 845-4875

Just Now So here is the dual agency’s pros and cons in Utah. What is Dual Agency? As defined by one of the top real estate sites, “dual agency refers to the relationship you have with your Real Estate Agent as a buyer or seller. With two agents or a single agent, which is more common, dual agencies can occur.

Rating: 5/5(5)
Location: Fast Home Offer Utah
Estimated Reading Time: 3 mins
Phone: (801) 845-4875

Link: https://www.fasthomeofferutah.com/blog/the-pros-and-cons-of-dual-agency-in-utah/

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Pros and Cons of Dual Agency North County San Diego Real

Pros Mcclainre.com More results

5 hours ago The Pros and Cons of Dual Agency When Working With a North County San Diego Real Estate Agent May 5, 2020. McClain Real Estate Group is a licensed Real Estate Company (Agent) in the state of CA and is a leading authority on North County San Diego, CA area real estate. McClain Real Estate Group (MREG) CalDRE#01976062 is affiliated with CA

Link: https://www.mcclainre.com/blog/the-pros-and-cons-of-dual-agency-when-working-with-a-north-county-san-diego-real-estate-agent/

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Pros and Cons of Dual Agency Princeton Real Estate Agent

Pros Avallonre.com More results

2 hours ago The Pros and Cons of Dual Agency When Working With a Princeton Real Estate Agent May 12, 2020. By Christopher Avallon. The process of buying or selling a home involves a lot of details, and a qualified real estate professional fits the bill to guide you through the process. It might seem like a great idea for both the buyer and seller of a

Estimated Reading Time: 3 mins

Link: https://www.avallonre.com/blog/the-pros-and-cons-of-dual-agency-when-working-with-a-princeton-real-estate-agent/

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Pro’s and Con’s to Using a Buyers Agent in Philadelphia

And Delawarevalleyrealestateinvestors.com More results

9 hours ago Real Estate agents can take on two roles. The listing agent, who helps the buyer to sell their home, and a buyers agent, who can help you find and purchase a home. Some agents do both and are known as dual agents, which is certainly a cool title.

Link: https://www.delawarevalleyrealestateinvestors.com/blog/using-a-buyers-agent-philadelphia/

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Working Directly with a Listing Agent in NYC Pros and

Working Hauseit.com More results

9 hours ago Dual agency in NYC real estate occurs when the same broker or salesperson simultaneously represents both the buyer and seller in a transaction. Dual agency is risky for a buyer because it means that the agent cannot offer undivided loyalty to the buyer, as would be the case when working with a dedicated buyer’s agent.

Link: https://www.hauseit.com/working-directly-listing-agent-nyc/

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Pocket Listings: Pros and Cons of a Pocket Listing

Pocket Maxrealestateexposure.com More results

508-625-0191

7 hours ago About the author: The above Real Estate information on the pros and cons of a pocket listing was provided by Bill Gassett, a Nationally recognized leader in his field. Bill can be reached via email at [email protected] or by phone at 508-625-0191.

Link: https://www.maxrealestateexposure.com/in-house-sale-pocket-listing/

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Frequently Asked Questions

Are there any downsides to dual agency real estate??

But real estate agents who practice dual agency don’t explain the downsides, including the fact that they may not be able to protect the client’s best interests while also representing the other side. How do you think these agents will approach the discussion with their clients?

Can a single agent act as a dual agent??

In a dual agency with a single agent, potential buyers may ask a seller’s real estate agent to submit an offer on their behalf. In this case, the agent is acting as a dual agent. Dual real estate agency disclosure Because dual agencies represent a conflict of interest for the buyer and seller, some states don’t allow them.

Who is the disclosed dual agent in real estate??

Once the dual agency agreement is executed, the real estate agent becomes known as the disclosed dual agent. Dual agency imposes some restrictions on a real estate agent. The agent is required to treat both buyer and seller with fairness and honesty.

What does it mean to have two real estate agents??

A dual agency with two agents can occur when the buyer’s agent and the seller’s agent are licensed under the same broker. In a dual agency with a single agent, potential buyers may ask a seller’s real estate agent to submit an offer on their behalf. In this case, the agent is acting as a dual agent. Dual real estate agency disclosure

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