Main Line Realtors® Outline the Downside of Dual Agency
The Main Line Realtors® of Sage Realty warn about the downside of dual agency. In real estate, dual agency means that one agent represents both the buyer and the seller. One might think that dual agency could be an advantage, but in this type of situation, neither of the parties has an agent representing their best interests. A dual agent is unable to reveal the lowest price a seller will take or the highest price a buyer will accept. Some states are taking action to enforce rules that limit dual agency practices that can be harmful to buyers and sellers. In November, the California Supreme Court ruled that if a client is using an agent who works for the same broker as the other party’s agent, both agents have a fiduciary responsibility to both the buyer and the seller.
As Main Line Realtors®, Linda Walters and Tracey Carney are experienced agents for buyers and sellers. However, they never practice dual agency, because they feel that each client should have an agent that represents only their interests. For over 10 years, Sage Realty has been helping clients sell or view homes for sale in Wayne, Ardmore and other Main Line communities. The agents use their real estate knowledge and experience to secure the best possible deal for their clients.
For information about Sage Realty or to schedule a consultation, contact Sage Realty at 610-687-4000.
Tags: Main Line Realtors