Dual agency occurs when a single agent, or a single brokerage, represents both the buyer and the seller in the same transaction.
Log in to followI'm new and I've now seen the same brokerage's dual agency consent form handed over two different ways. First house, the agent gave it to me before she'd show me anything and said…
The office manual I got at orientation has a designated agency addendum in it. The client signs, the managing broker assigns one agent to the seller and one to the buyer, and the…
I've been going back and forth on this while I try to figure out which strategy actually fits me, and the dual agency question keeps showing up before I've even picked a lane. The…
I've been reading disclosure forms for about four months now, mostly because I'm looking at raw land and there are maybe six agents in the two counties I care about. A couple of t…
First property, a two bedroom condo in a 1980s complex, listed at $189k. I've been reading about notes and paper for a year and I still bought a condo, which is its own story. I d…
First house, so bear with me. The agent who's been driving me around also listed a place I like, and she gave me a form saying she'd represent both of us and I had to sign to keep…
Under contract on a triplex at $412k, all three units leased, gross $3,450 a month. Nothing exciting, which is what I wanted. The agent who showed it to me is also the listing age…
Duplex, side by side, both units leased at $1,150. Listed at $268k. The agent who had the listing also handles a lot of the small multifamily around there and when I called about…
I've been collecting consent-to-dual-agency and designated agency forms from brokerages in two states and reading them against each other, because the marketing language around de…
The listing agreement on this one was 5% and the agent already had me walking the building before it hit the wire, so she wanted dual agency from the first showing. I said yes, wi…
Reading a buyer representation agreement for a first small rental and the compensation page has a line I didn't expect. If the firm ends up representing both sides, the buyer side…
Interviewing at a small independent shop, eight agents, mostly residential with a handful of small multifamily. I asked for their closing count and they gave me the whole spreadsh…
Under contract on a 6-unit, 1971 build, 610k purchase, in-place gross of 71,400 with two units 190 under market. Financing quoted at a level that pencils at roughly a 1.28 DSCR on…
I underwrite, so I want to put a number on this rather than argue about ethics. Say a 1.2m listing, seller pays 5% total, 60k. Brokerage represents both sides, so 60k to one firm.…
I've been going to open houses with an agent I found online, and one of the places she took me to is a listing that's hers. Her own sign in the yard. She said if I want to write o…
I found a small three bedroom through an open house and the agent who was standing in the kitchen handing out flyers said she could just write the offer for me and save everyone t…
I'm looking at a small mixed use building where the seller wants to carry most of the price. Price is basically fixed already, he told me his number twice and hasn't moved off it…
Closed acquisition on a 1950s ranch six weeks ago, all in around 212k with the buy plus about 41k of scope. Comps in that pocket support 305 to 318 depending on how the kitchen la…
Slow mover here, I read forms before I sign them and I've now read two that seem to describe the same thing in different words. One said dual agency. One said the agent would act…
9-unit, 1960s brick, listed three weeks ago at $1.24M. Signed a 5% total commission, 2.5 each side. Rents are $8,900 a month, T12 NOI just under $84k, so I'm priced around a 6.7 g…