Have a Question?
If you’re wondering if it’s a conflict of interest for the real estate agent to represent you as the buyer and represent the seller at the same time for the same deal, then this article is for you!
When an agent represents both the buyer and the seller, the agent is known as a Dual Agent.
The benefit of working with a dual agent is that you have the power to negotiate their realty fees down.
The disadvantages of working with a dual agent for you and for the seller is that the agent is restricted on what they can disclose and you’re not confident if they truly have your best interest or the seller’s best interest at heart.
- The dual agent cannot coach you on an offer price.
- The dual agent cannot disclose to you the seller’s bottom line.
- The dual agent cannot disclose to the seller the top price you’re willing to offer.
- The dual agent cannot disclose to the seller your pre-approval amount.
To Learn more, watch this video: 2.2 Finding the Deal Part 2