Dual representation is a complicated concept in real estate that requires a lot of thought and consideration. As a realtor, I have seen firsthand how dual representation can lead to disputes between the buyer and seller. Although it can be advantageous for some, I personally am not a fan of it.
In California, a broker or agent can act as a dual agent in a transaction only if both the buyer and seller are aware and consent to it. Unfortunately, many lawsuits that arise due to dual representation end up favoring the buyer. This is why it is so important for sellers to make sure the buyer has their own representation. It’s not worth the risk of not doing so.
With the recent announcement from the National Association Realtors stating that a seller no longer can advertise paying a buyer’s agent commission in the MLS, I have already seen sellers saying they will not pay for a buyer’s agent. As a homeowner, I know there will never be a buyer I do not pay for their buyer’s agent commission to protect myself from future liability.
I recorded this video over a year ago and many Covid pounds ago, however, it seemed like the right time to post with all of the discussions going on. Commissions have always been negotiable and who represents you in a transaction has always also been negotiable.
I hope the consumer, as well as sellers of properties make sure that they are advocating for themselves and making sure that they have the best representation. Just like you can represent yourself in a court of law, rarely, do people decide not to make sure they have the best of the best representing them.
Disagree? Let’s chat….I am here to spill the tea and discuss in the comments.
