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    Dual Broker Agreement

    Bill, a designated agency in Massachusetts, is a fantasy. Please tell me how the mere “designation” of one agent for the seller and another for the buyer eliminates the conflict of interest created by the attempt to represent both a buyer and a seller in the same transaction? All licensees under the broker`s license are a representative of the broker and are under the direct control and control of the broker. If you`re selling a house, it`s a breeze. Never let your agent practice an agency alternately. Your agent should always represent you. You pay thousands of dollars to your agent to serve your interests. There is no reason for the agent to be a neutral party. Alternating agency contracts have raised many concerns, especially in recent years. The financial crash of 2008 highlighted many of the problems with transactions with two agencies. Indeed, the following states have banned the practice of dual agency: for example: If you are a buyer, you might want your agent to advise you on the price to offer for a house. But a double agent can`t do that because they would be violating their duty of loyalty to the seller. Remember that “Dual Agency” is not only about the same agent representing both parties, but also the same broker who represents both the seller and the buyer. In this case, there would probably be two agents – agents who probably don`t even know each other.

    Here`s an example from Thomas Miller, a Washington, D.C., agent at Keller Williams Capital Properties: “Since Keller Williams Capital Properties has several hundred agents, a dual agency allows the seller to access a pool of thousands of potential buyers. If the seller refuses permission from the dual agency, they can`t sell their home to a buyer who another agent works with in my office…


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