Hella M. Rothwell, Broker/Realtor®, Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Spam prevention
Ambassador
1,657,676
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Helping you find your way home.

In my area, dual agency does not apply if the agents are both affiliated with the same office.  That would be considered "designated" agency.

Dual agency, in my area, would only be if a single-agent represented both buyer and seller.

Oct 18, 2019 12:04 PM
Rainmaker
1,635,516
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Hella M. Rothwell, Broker/Realtor® I don't see a question in here but I've never wavered on the fact that I've always enjoyed and approve of dual agency. When you live in a market as small as mine it helps a lot in the battle to survive. I've never had a complaint from a client or anyone else with my dual agency transactions.

Oct 18, 2019 12:46 PM
Rainer
448,543
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

I like being small.   Clients like me anyway.

Oct 18, 2019 12:42 PM
Ambassador
2,893,312
Anna Banana Kruchten CRB, GRI, WLS
Phoenix Property Shoppe - Phoenix, AZ
603-380-4886

Hella there is still room for us little brokers! We all have our niche and do it well.

Oct 18, 2019 11:55 AM
Rainmaker
1,255,547
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

As John Juarez stated, in California dual agency means both "two agents of the same Brokerage (regardless of if they are from the same physical office if that Broker oversees more than one office)" and "the same agent representing both the buyer and seller."

 

The typical interpretation of dual agency is the second one, however NAR's proposed "if you market it, you must list it" rule does allow for office exclusives, which may make the first version of dual agency far more common.

Oct 18, 2019 02:16 PM
Rainmaker
3,390,054
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Yet there are still many different business models in real estate.  

Oct 18, 2019 01:34 PM
Rainmaker
1,551,645
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

What does buying out all the little guys have to do with dual agency? BTW, someone has to to sell to those big box places. Gee, maybe it was the money?

Oct 18, 2019 12:40 PM
Rainmaker
5,076,645
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

I'm often sorry I did not open my own office decades ago.... it would have been my last name and never with a franchise....

Oct 18, 2019 12:36 PM
Rainmaker
3,170,941
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Dual agency in one firm with two agents is handled here through a designated agency agreement... each agent is designated to represent their party's best interest. My problem with dual agency is when one agent "represents" both parties.

Oct 18, 2019 02:03 PM
Ambassador
3,394,963
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

That is happening here too, Hella.

Here, we have Designated Agency to cover those agents in the same brokerage transacting together. I can honestly say that when someone in my brokerage brings me a buyer on one of my listings, I have very rarely ever spoken to them before - muchless shared information about my client or the property with them!

Its the single agent, dual agency that I disagree with and that happens in big box brokerages, boutique brokerages and one-man/woman-shops alike.

Oct 19, 2019 09:30 AM
Rainmaker
2,474,178
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The Jungle is what it is...

Oct 19, 2019 06:49 AM
Rainmaker
634,755
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

Like Alan May we have the same here. We're dual agency and clients/agents can elect designated dual agency. When you're in a large firm like mine, it can work the same as exclusive agency. I don't know all the agents in my office and I know agents from other firms just as well as agents in my office. I never share client info with anyone. I would think there would be more opportunities of issues in a smaller firm since it is more intimate. Either way, it comes down to the agent and protecting their clients info. In regards to coming soon. how may issues really arrise from coming soon doing dual agency? As I've mentioned in other post, I'm sure there are some agents who use it to get both side. They probably worked their listing to get both sides before coming soon was available. But, don't throw the baby out with the bathwater. We're not all like that. As a matter of fact, designated dual agency is the only dual agency I work. It's a personal choice. So, my coming soon is just that, advertising a listing to get the most eyes on it. That's what it is meant for.

Oct 19, 2019 04:12 AM
Rainmaker
739,042
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Here in the magickal land of AZ, any agents under the DB are dual if they are on sides of a transaction. 1 agent on both sides or 2 agents under a broker with hundreds of agents. Never mind that in big box land they've never met. Theoretically they could have access. It's dumb.

Consumers always have the choice of agency type. It is disclosed and signed off on. RARELY does a consumer absolutely not want dual agency. Many do want it, feeling that it will streamline the deal. And they can be right.

Many of the biggest offices here ARE indies.

I remember growing up, the biggest real estate offices were family businesses. THEY were the 'name'. Not a franchise name.

Oct 18, 2019 03:43 PM
Rainmaker
4,529,217
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Hella,

It is that time of the season, gobble, gobble, and then we will be back to independents once again.  What is funny about the big boxes is that they are involved in lawsuits against each otber, instead of taking care of business.  A

Oct 18, 2019 02:47 PM
Rainmaker
703,550
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Whether they actively seek it or not, big brokerages have more occasion to be dual agents because, in California, a dual agency exists if the brokerage represents both the buyer and seller even though there may be a different specific agent representing the buyer and seller.

In my opinion, holding a listing off the mls just to try to double-end it is a disservice to the seller and shows a lack of fiduciary responsibility.

Oct 18, 2019 01:51 PM
Rainmaker
775,183
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Is there a question or call to action in there such as,

"What is the best way to show an Independent Brokerage does not possess the cookie cutter mentality of those who have been assimilated?"

Oct 18, 2019 12:02 PM
Rainmaker
566,275
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

I work at a independent agency with about 20+ agents in the Connecticut office. Small businesses matter.

I respectfully disagree that dual agency is bad. Like I've said before, your job is to sell the property. If your on both sides you've done twice as good a job as those who have 1 side. 

Oct 19, 2019 09:15 AM
Rainmaker
3,092,383
Richard Weeks
Dallas, TX
REALTOR®, Broker

Dual agency is not allowed in Texas

Oct 19, 2019 07:08 AM
Rainmaker
636,186
Debra Leisek
Bay Realty,Inc Homer Alaska - Homer, AK

I live in a place where Independence is Appreciated.

I really appreciate it too!  There are only independent real estate offices in Homer. Its a good thing!

Oct 19, 2019 01:11 AM
Rainmaker
413,480
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

In a dual agency, the managing broker is representing both sides.  I am an independent as well and have no desire to be part of a big box brokerage.

Oct 18, 2019 05:50 PM
Rainmaker
2,809,013
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Gobble. Gobble. That is the name of the game.  

Let the Big Box be a big box.  

 

Oct 18, 2019 04:52 PM
Rainmaker
529,070
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

My question, possibly a little murky, really came from the "coming soon" controversy swirling around AR, and dual agency. As Ryan Huggins - Thousand Oaks, CA points out, in California has possibly different rules. By BIG agencies getting BIGGER -- at least here in my area -- they are using the "coming soon" loophole to try to double end. See my commend to John Juarez 

Oct 18, 2019 02:49 PM
Ambassador
4,316,011
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

There is an advantage to being a team inside of one of those big boxes.

Oct 18, 2019 02:27 PM
Rainmaker
1,028,793
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

If both parties want me to represent me I get another agent representing me.

Oct 18, 2019 02:08 PM
Rainmaker
2,615,236
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Hmm, I used to work for a big brokerage and if I worked a transaction where another agent was part of the company, I didn't really consider it as true dual agency, since there was someone different representing each party.  Even though that is indeed dual agency.

Oct 25, 2019 11:40 AM
Rainmaker
3,222,286
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hope you stay independent!

 

Oct 24, 2019 09:30 AM
Rainmaker
740,835
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

In CT a dual agent is one individual on both sides of the transaction. It is legal with written approvals from all parties involved.

Oct 20, 2019 07:26 AM
Rainmaker
1,209,445
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty

Oh, boy, we have same offices here. I don't even want to start talking about them.

Oct 20, 2019 03:22 PM
Rainmaker
3,334,561
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

I don't see a problem if the agents are ethical and lawful. Then again that may be an assumption.

Oct 18, 2019 02:51 PM
Rainmaker
4,131,012
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

CO abolished it here, thankfully.  Independent companies are prevalent here.

Oct 27, 2019 09:46 AM