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Author Kris Berg argues pros & cons of Dual Agency in answer to Greg Swans editorial: The Dual Agency Smack Down
Here is an Excerpt:
“Greg Swann is a well-known critic of dual agency transactions.I will offer one example of how this statement is not only wrong but offensive…”
After HUD announced changes to FHA short sales policies, they quickly recanted and postponed a ban on dual agency.
The real estate consuming public wants results. In the last half century they've simply not made even a small deal out of dual agency.
Real estate and sharing The Internet has made it easy for everyone to share. Which seems to be a problem when it comes to...
Back in the day… Back in the day, when interest rates were 18%, and the MLS consisted of a huge 3-ring binder, agents and...
Barry Preusz
October 18, 2008 at 5:34 pm
Isn’t “dual agency” an oxymoron? How can one represent the best interests of two parties on opposite ends of a contract. If an agent is acting on behalf of their client they cannot serve the best interest of other party to the contract as well. One can argue that it is in the best interest of both sides for the transaction to be completed and that dual agency seeks to attain this end. However, this does not appear to fall under the description of “agency” but instead “mediation”. Dual agency is really mediation and not agency at all!
Barry Preusz