Some agents will represent both buyers and sellers; they are called "Dual" agents. In many cases, the same agent will list the property and submit your offer if you are the buyer. In fact, they are required by law to remain confidential with both clients. There is nothing legally or ethically wrong here, however it is hard to understand how the agent can negotiate to the best of his or her ability on either the buyer's or seller's behalf. Instead of becoming a negotiator, they often play the role of mediator.
It is easy to assume that no agent can represent buyers and sellers as well as an agent who declares for just one party or the other.
However, sometimes buyers and sellers opt to use "dual" agents to get a savings in commission. An agent who represents both the buyer and the seller does not have to split the commission with other agents and may be willing to throw in some of that commission, which, in effect, will get you a reduced price.
Should you have any questions about agency, feel free to give us a toll free call at (877) 901-1551. Thanks and Happy House Hunting!
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