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Personal Finances / Buying or Selling a Home


Subject:  Re: Five day home sale Date:  5/29/2013  5:00 PM
Author:  vkg Number:  125409 of 128887

He didn't really bring any buyers, though - basically just getting on the MLS is what brought in the buyers.

Dual agency can result in a conflict of interest. It is better for the seller and in general cleaner, if the seller's agent doesn't also represent the buyer.

This was discussed with our real estate agent before we signed the contract. Our agent will not be an agent for the buyer. A buyer that shows up without an agent will be directed to another agent in the same agency. It avoids direct conflict. There can still be more subtle conflicts where a "preferred" agent's clients are given preferential treatment to the detriment of the seller.

Not permitting dual agency does eliminate most of the conflicts of interest. The agency we chose is locally a large agency, and there is a reasonable probability that the buyer will also have an agent from the same agency.
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