Insert Veteran Dual Agent image
Yesterday we blogged from the buyers’ side of the transaction, today it’s the sellers’.
Yesterday we blogged from the buyers’ side of the transaction, today it’s the sellers’. It’s biblical wisdom, you can’t serve two masters but that’s not what the real estate industry wants you to believe. In 1993, the industry went state to state changing laws to paper over conflicts of interest. Twenty years later, dual agency practitioners and consumer advocatesare still fighting this “holy war.”
Beneath their war of words, “broker babble” if you’re a home buyer or seller, is a simple question:
Who’s on my side, and what’s the bottomline?
Since agents routinely ignore state laws which require them to disclose their agency relationship, The Real Estate Cafe has been providing readers something stronger than a disclosure — a Pledge of Allegiance they can use to protect themselves from being betrayed.
Yesterday, Redfin released some original research and concluded that dual agency hurts sellers more than buyers. While some question the interpretation of their data, macro statistics can’t help you make side-by-side comparisons of listing agents, and decide who is best qualified, based on actual performance in the MLS, to sell your home. That’s the goal of our Listing Agent Report Card!
Exposing agents with a history of conflicts of interest, both dual agency and designated agency, is just one of the many decision making criteria that we analyze; and since we don’t take listings, we don’t have a conflict of interest.
The Spring housing market is just around the corner, so if you’re searching for the best real estate agents to list your property (or RELIST your home if one of the 20,000+ homeownerswho’s listings expired or were canceled across MA during 4Q2011), we’d love to show you sample listing agent report cards BEFORE you begin interviewing agents and explain how ourreferral rebate works.
If you don’t need a full report card, our Dual Agency Detective simply do a snap shot to identify whether agents you’d like to interview have a history of conflict of interest. Our goal is to protect you from being betrayed like this seller who commented on our previous blog post: Dual agency detective exposes love & betrayal in luxury home market
I am a Seller. My listing agent was contacted by a “drive by” in regards to my home. The drive by has now turned into the Buyer and this is now a Dual Agency situation.
The offer was emailed to me from my Real Estate Agent and said quote ” the buyer was coming in much lower but I coached him to your minimum price.” The offer came in at my very lowest acceptable price.