Monday, September 14, 2009

Dual Agency

"Dual Agency" is when an agent represents both buyer and seller in a real estate transaction. It is risky for both people, but particularly for the buyer, if the agent is the listing agent for the property in the transaction. his situation, the primary obligation of the agent is to the seller. Financial negotiations between buyer and seller can be compromised because, in this situation, the seller must win out. Dual Agency is still legal in California and not in some other states.

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