Candida Torralvo (Other )

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Ambassador
4,218,684
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

As a client I much Prefer Dual Agency.

  1. Smoother deal
  2. No Agent Drama
  3. More coordinated deal.
  4. Much Less chance of the deal falling through.
Oct 30, 2016 10:34 AM
Rainmaker
928,037
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Yes, almost 50% of my deals and yes I do recommend it. You do realize dual agency can simply mean two agents from the same office are doing adeal together, all the way down to I'm handling both sides of the transaction?

 

Oct 30, 2016 04:16 AM
Rainmaker
783,946
Susan Laxson CRS
HomeSmart Professionals - La Quinta, CA
Local Knowledge & Global Network

Yes, and it works very well when properly disclosed and agreed upon.

Oct 30, 2016 07:04 AM
Rainmaker
735,200
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Yes, it's legal in CT, but not in all states. We need disclosures signed by all parties. It can be tricky, but it works and it's great to be on both sides.

Oct 30, 2016 04:03 AM
Rainmaker
1,376,417
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Candida Torralvo Dual Agency is legal in my State and when properly disclosed the deals go smoothly.

Oct 31, 2016 02:35 AM
Rainmaker
631,078
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

I've been the dual agent a few times and it worked out VERY well for all of the reasons listed by Bob Crane .  With full disclosure and trust it can easily work with one agent and be split between two in the same office as noted by Thomas J. Nelson, Realtor, CRS for those not comfortable with one agent assisting both. 

Oct 30, 2016 09:29 PM
Rainmaker
3,982,614
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I do 60% dual agency.  I treat each clientas I am only on their side.   19+ years and no complaints.

Oct 30, 2016 09:50 AM
Rainmaker
1,239,486
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I've had it quite a few times.  LOVE IT!  Want more of it.  It goes so much easier once you have control of both sides of the escrow.  No agents not returning your calls, no having to put "Buyer to give seller full visibility into their transaction/lender process" in the agreement.  SO.  MUCH.  BETTER.  No dealing with agents who don't know their ass from a hole in the ground.

Oct 30, 2016 04:21 AM
Rainmaker
1,323,024
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

It is not legal in all states. It is in Washington State.  It can be a win/win... or not, depending on the parties involved.   

Oct 30, 2016 04:02 AM
Rainmaker
403,594
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Dual agency can be a win, win, win for all parties. In Oregon, dual agency must be disclosed, but once this is done, the listing agent can fully represent the buyer as well as the seller.  Who can better show the home to the buyer than the listing agent? Who knows the issues to point out to the buyer better than the listing agent? The agent's fiduciary duty is to both parties, but as realtors we owe honesty  to all regardless in each transaction. We have many times successfully represented both buyer and seller in real estate transactions.

Oct 30, 2016 03:46 AM
Rainmaker
3,338,355
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Dual agency is legal in California when it is properly disclosed.  In California, dual agency is defined when the buyer and seller are represented by the same brokerage even if it is not the same agent.   Since I work with a large brokerage with multiple area offices, I have encountered this situation many times.   

As far as recommending -- that's not really the issue -- it just is(or isn't) and I like to have this discussion in my first meeting with a new client.  It needs to be disclosed to both the buyer and the seller.   There is a form that is acknowledged by all parties.   

Each state will have its own rules and procedures. 

Oct 30, 2016 03:21 AM
Ambassador
1,641,860
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

We do not have dula agency in Oklahoma any more. The difficulty is in the explanation. What I have always told clients regardelss of representation is that it doesn't matter what you call it, we work for fairness in the transactions with no losers. I started in the era of subagency saying this.

Nov 29, 2016 05:20 AM
Rainmaker
3,053,144
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

We do not practice "single agent dual agency"

Oct 31, 2016 12:17 AM
Rainmaker
3,019,160
Richard Weeks
Dallas, TX
REALTOR®, Broker

We can not act as a dual agent in Texas.  If the brokerage is going to represent both parties must do so as an Intermediary which carries it's own specific rules.

Oct 31, 2016 12:01 AM
Rainmaker
4,432,217
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Not often.

Oct 30, 2016 09:34 PM
Rainmaker
2,918,388
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Dual agency is commonplace around here.  I'm just careful when it happens

Oct 30, 2016 09:06 PM
Rainmaker
5,385,448
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Follow the rules in your state.

Oct 30, 2016 08:51 PM
Rainmaker
1,157,274
FN LN
Toronto, ON

Dual agency is known as multiple representation in Ontario.  It is at the brokerage level, not the agent level.  It is a common situation.

Oct 30, 2016 05:09 PM
Ambassador
4,300,186
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Candida Torralvo - I have practiced dual agency several times - and it went well all the time - except once.

Oct 30, 2016 03:42 PM
Ambassador
3,104,080
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

On average twice a year, if you follow the rules they work.

Oct 30, 2016 01:56 PM
Ambassador
3,676,995
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

In Maryland, it's illegal for one agent to represent both buyer and seller in a transaction, and in DC, most of us are smart enough not to get greedy.  My personal feeling is that dual agency is a conflict of interest, and for new agents especially, it's a lawsuit waiting to happen.

Oct 30, 2016 01:08 PM
Ambassador
2,355,704
Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

      Dual Agency was legal in Florida some years ago. I never used it.

     Today, Florida Law permits "Transaction Brokerage", which is eerily similar to dual agency.   The Buyer or Seller does NOT get full confidentiality with Transaction Brokerage (see the Statutory Disclosure for specifics).

Oct 30, 2016 12:36 PM
Ambassador
3,983,049
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I do not do dual agency. I have acted as a transaction broker for both the  buyer and seller and it went just fine.

Oct 30, 2016 12:08 PM
Rainmaker
2,791,645
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Yes. Many times. Although legal in CA. I avoid it. 

Oct 30, 2016 12:06 PM
Rainmaker
1,218,342
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

See Olga Simoncelli comment.

Oct 30, 2016 11:28 AM
Rainmaker
4,084,736
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Colorado removed dual agency years ago.

Oct 30, 2016 10:45 AM
Rainmaker
4,797,361
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

No, I avoid any dual agency situations.

Oct 30, 2016 09:31 AM
Ambassador
2,862,382
Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

It is legal here in AZ but agents must follow the stringent rules which many simply don't understand. On occasion I will do a dual agency if I know the parties and it feels right. And yes I do know when things just don't seem right and then I'll suggest they get their own representation.

Oct 30, 2016 09:19 AM
Rainmaker
746,215
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

It is fairly rare, and should be avoided in most cases.

Oct 30, 2016 07:59 AM
Rainmaker
3,098,502
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I'm in a personal dual agency situation maybe once every 15-18 months. I don't essentially like it as I consider it can be a conflict of interest. Fortunately, to-date when I've been a dual agent they were easy transactions and all parties were happy. As for being a dual agent because two agents from my company are involved, no difference to me than co-broking with another firm.

Oct 30, 2016 07:25 AM
Rainmaker
2,455,979
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Is the group that comes together able to be led by a competent agent? I answer that at that time. In theory yes. In application, must be tested first

Oct 30, 2016 07:04 AM
Rainmaker
3,279,664
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

In Florida they call it a "transaction broker", arguably close to dual agency!

Oct 30, 2016 06:47 AM
Ambassador
1,613,719
Harry F. D'Elia
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

I have been a dual agent a few times in Arizona. I just do the job.

Oct 30, 2016 06:39 AM
Rainmaker
1,523,605
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

In Florida the agency laws are such that many agents work with both the buyer and the seller. I did it often and it was fine. I have never done dual agency in Virginia.

Oct 30, 2016 06:18 AM
Rainmaker
4,998,598
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

we are listing agents and we always represent the seller....we will represent our seller as a buyer's agent when they buy locally.... the bottom line is "pick a side and stay there"....everyone deserves representation....provide it for one side.

Oct 30, 2016 04:36 AM
Rainmaker
1,543,725
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Chapter 1, Agency.

Oct 30, 2016 04:34 AM
Rainmaker
533,641
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

The only win-win in dual agency is for the agent that makes double the commission.

If dual agency were viable, every courtroom would have one attorney and two desks...one for each side.  There is a reason that attorneys do not represent both sides of a transaction...because it is a blatent conflict of interest.

Don't kid yourself, in real estate both parties have opposing interests.  Sellers wants the highest price and to fix nothing.  Buyer wants the lowest price and everything fixed. 

No way someone in the middle can do both... 

Eve

PS: ask yourself...would you rather have an agent that works solely in your best interest?  Or one that is talking out both sides?

Oct 30, 2016 04:06 AM