Been there.

Write them both up, one offer is always different than the other because every buyer and their abilities are different. Keep the one not chosen as a backup. If that makes you uncomfortable, refer one of the buyers to your buyers agent or a trusted agent in your office so you can earn a referral fee.

I write them both up, providing them with honesty and fairness,  and do not disclose anything confidential to either party. But before I write any offer, I MUST disclose they are in competition with another offer, which is mine.  It is also written in the Agreement which all parties sign.  I do not treat them as clients but rather customers.  My client is the Seller.  

We avoid that situation...

Dual Agency is illegal in Florida.

     If I have two buyers for my listing, I would have no representation with them, and would give them the required statutory disclosure stating that.  There is nothing illegal or wrong with me having two customers for my product.

Great answer from Thomas J. Nelson, Realtor, CRS 

That situation is covered in our buyers rep agreement; therefore, buyers are aware this could happen.

As Fred Griffin states, in Florida we work for the contract

I don't.

I would not. I would not even with one buyer.  I would refer that buyer to a trusted fellow AR agent in my area. 

Hasn't come up but would do what Thomas J. Nelson, Realtor, CRS said

Nat,

I real like what Gloria Valvasori, ASA said.  Our contract in commercial real estate disclosed that right at the top.  Then we presented it, and the seller made the decision.  A

Personally, I would probably refer both buyers out to two different agents and avoid any possibility of a conflict of interest.  

If they meet my criteria...then I let the seller make the final or I am open to any suggestions...Whatever I do, it is fun and fair based

Nat Wallen Disclose, disclose, disclose! Then write up the offers and present them in the order received.

Our BBA advises that we might represent the seller and/or have other buyers for the same property. Absent BBA, we advise the same. And a Consent To Limited Dual Agency agreement is also completed. If a buyer is uncomfortable with that, they're welcome to use a different agent. We have to advise regardless whether the buyer may not be able to close or whether the seller may not be able to close. It's state law. And everybody understands that we can't disclose what someone will take or what someone's willing to pay if it's different from what's on the paper. Outside of a couple of confidentiality items, basically we write as the buyers wish, submit to seller, then do as the seller directs us to.

I write both with disclosure to all to al parties. Or, I might refer one to an agent in my office.

We do not offer dual agency.   IF the Seller has allowed Transaction Broker, then you can write it up, other the Buyer would be a customer.

It has not happened to me yet, but I'd use Thomas J. Nelson, Realtor, CRS's approach.

I would avoid the situation or have another agent write up an offer and pay her

Nat Wallen - disclose to each buyer that you have another buyer writing an offer on the same home.

Disclose, Disclose, Disclose.

Run screaming into the night!

i do alot of dual and I have had 3 buyes at oe time for my listing.

I do ful disclosure and write the contract as they tell me to

You would need to write both and let the buyers know that there is another party writing on it too. The seler will decide.

Are they already clients or are they buyera that came to you for your listing? Can you write them up representing the seller and not representing the two buyers? -Kasey

I agree with Thomas J. Nelson, Realtor, CRS ..good answer.

Our agency does not allow us to be a dual agent on our own listing, let alone write contemporaneous dual-agency offers on our own listing.

Yowch!

I don't deal with many buyers or practice dual agency.... we are listing agents....

Write them both up and make sure not to share any confidential information with either party. 

Are both those buyers also your clients? This situation is why I'm not a fan of personal dual agency. But I would write all the offers and follow all the rules in your state about dual agency as well as make sure everyone (buyers and sellers) know you are acting as a dual agent.

Follow the rules and regulations in your state.

first come first serve

It has to be a) with Buyer Agency agreements and signatures from all involved: buyers, seller, broker, agent. And, with a lot of discretion, which is legally mandated. It can work, if it's legal in your state.

Talk to your broker first.

We do not do Dual Agency. Rather in Florida we are Transactional agents and represent all parties fairly.

Write them both with the explanation that you are working with multiple buyers. If a party prefers separate representation offer to refer them. 

Normally, this never come ups. However, I told them my father would have to be their buyer agent and write the competing offer up. One perk of a father daughter office! 

I use a disclosure to all parties and write both offers. 

When there was dual agency in Oklahoma I would refer one buyer out.