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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

It is representing both the buyer and seller on the same transaction and fiduciary duties cannot be given to both at the same time. Something has got to give.

Apr 06, 2017 07:53 PM
Ambassador
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

There are some differing answers here, and the laws regarding dual agency vary by state. I would do more research and reading.

Apr 06, 2017 04:11 PM
Rainmaker
5,571,343
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

it's no representation.... my team members don't participate in dual agency... we pick a side and stay there....

Apr 06, 2017 02:02 PM
Rainmaker
3,985,837
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

When you represent both parties and it limits what can be said about each

Apr 06, 2017 07:13 PM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Dual representation does not exist in Oklahoma.

Apr 06, 2017 06:29 PM
Ambassador
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I vote for Debbie Reynolds answer! Cuz it's right...

Apr 06, 2017 09:53 PM
Rainmaker
1,871,405
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I agree with Barbara Todaro 

Apr 06, 2017 04:12 PM
Rainmaker
2,634,337
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Agents with this skill can handle these type of relationships if allowed

Apr 06, 2017 04:04 PM
Rainmaker
1,456,827
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Laura Coleman The laws for dual agency and dual representation varies from State to State. In my State it is legal as long as it is fully disclosed to all parties and there is written concent from all parties. In part the disclosure states:

". . .the foregoing dual agent or dual representative may not disclose to either client any information that has been given to the dual agent or representative by the other client within the confidence and trust of the brokerage relationship. . . . "

IMO although it is designated as dual agency or dual representation, the agent in effect becomes a facilator of the transaction.

Apr 06, 2017 03:39 PM
Rainmaker
1,214,087
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

I do one or two per year. Already did one in February and almost got one in March.

I represent both sides of the deal.

It saves the seller money and done right, it helps, not hinders both parties.

Apr 06, 2017 03:36 PM
Rainmaker
846,160
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Betting on both teams to win, but not being able to efficiently help either team win.

Apr 06, 2017 03:22 PM
Rainmaker
818,607
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

It's too complex for a brief response in this forum; you should really look this up to get a thorough answer. True Dual Agency is illegal in some states, but you could get around that by limiting the scope of your representation. In states, where it is legal, it has to be with everyone's written consent.

Apr 06, 2017 02:17 PM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I like it, many times without it the agents spend too much effort trying to make themselves important and blow deals.

Apr 07, 2017 10:03 PM
Rainmaker
5,527,257
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Laura,

This is a subject many differ on.  You have to decide how you feel about it. A

Apr 07, 2017 02:19 PM
Rainmaker
1,635,642
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Ask your agent professor how dual representation differs from transactional representation. Stump him!

Apr 07, 2017 06:38 AM
Rainmaker
4,159,333
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Something to be used sparingly and avoid in many situations!

Apr 07, 2017 06:15 AM
Rainmaker
6,545,029
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Follow the rules in your state.

Apr 07, 2017 05:30 AM
Rainmaker
4,056,567
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I suggest you refer to your textbooks and state explanations of this... and maybe write a post about what you learned.

How does it affect buyers and sellers? It ensures you are representing no party.

Apr 07, 2017 05:00 AM
Rainmaker
873,101
Peter Mohylsky. Broker -BRIX REALTY
Miramar Beach, Florida - Santa Rosa Beach, FL
BRIX REALTY -DESTIN

It is a slippery slope and not a very comfortable position to be in but it can be done.

Apr 07, 2017 04:51 AM
Ambassador
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Laura Coleman - if the agent is honest, it should not impact anyone when the agent represents both buyer and seller in a single transaction (which is called DUAL REPRESENTATION.)

Apr 06, 2017 10:47 PM
Rainmaker
1,514,405
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

It is fine in CA. As for my opinion, often it is much easier than dealing with another agent. 

Apr 06, 2017 09:15 PM
Rainmaker
1,157,485
FN LN
Toronto, ON

The term "dual representation" has not been used in my jurisdiction for a number of years due to changes in legislation.

Apr 06, 2017 08:45 PM
Rainmaker
149,484
Esther Preston
Heartland Realty - Redmond, OR

Disclose, Disclose , Disclose

Apr 06, 2017 08:33 PM
Rainmaker
534,546
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

Dual Agency is a dangerous road to tread according to our broker.

Apr 06, 2017 07:20 PM
Rainmaker
4,433,583
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Others have answered 

Apr 06, 2017 07:05 PM
Rainer
91,125
Theo Shaw
Baird & Warner Residential Real Estate - Evanston, IL
Serving Evanston, IL & Beyond

To me, it is a lawsuit waiting to happen.  You cannot represent the best interests of both sides. In my state, with consent of all parties, you can only be a messenger and assist with forms, performing ministerial acts for both sides.  Neither client gets the benefit of true representation.  I feel that only the agent wins in these deals, not the clients.

Apr 06, 2017 06:56 PM
Rainmaker
877,657
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Laura - It is something that I wouldn't touch because I don't think I could represent the buyer and the seller equally, at the same time. It really ties your hands in regards to what you can do for either party.

Apr 11, 2017 11:05 PM
Rainmaker
4,885,685
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Colorado does not offer dual representation.

Apr 09, 2017 03:17 PM
Rainmaker
1,380,623
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

It's where you rep both the buyer and the seller.  In CA it's legal and better than ice cream on a blistering hot day.

Apr 08, 2017 07:26 PM
Ambassador
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Although allowed in the State of California it is NOT something I practice. I am loyal to one Master. 

Apr 07, 2017 08:08 AM
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

When one agent represents both the buyer and seller.  There is a big risk of not adequate representation for the parties involved.

Apr 07, 2017 06:05 AM
Rainmaker
3,069,934
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Debbie Reynolds nailed this one!

Apr 07, 2017 05:26 AM
Rainmaker
4,060,514
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

 Jeff Dowler has a very good answer.   

Apr 07, 2017 05:15 AM
Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

What Debbie Reynolds said!

Apr 06, 2017 08:48 PM