https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Wed, 15 Apr 2026 15:56:36 +0000 https://boards.hellobee.com/topic/dual-agency-experience#post-2535584 Thu, 28 Apr 2016 07:40:42 +0000 milano14 2535584@https://boards.hellobee.com/ <p>@jetsa: when our original realtor disclosed to us that he was showing us one of his listings, and that it could be a conflict of interest, he said that he would be fine with us cancelling our contract with him and working with someone else if we were interested in purchasing the house.</p> <p>We've decided that is the route to take.<br /> Thanks again for the feedback. </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2535532 Thu, 28 Apr 2016 05:18:35 +0000 jetsa 2535532@https://boards.hellobee.com/ <p>I don't see a problem with this and am advocating for it in my current home sale. The realtor doesn't actually make any decisions for you and it doesn't matter who the sellers is they aren't going to be saying I think they'd go to xyz so I don't think it matters, advocate for yourself and it will be fine.</p> <p>As far as calling another realtor have you signed a contract with this realtor it seems late in the game to get someone else involved considering all the legwork is done. </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2535524 Thu, 28 Apr 2016 03:14:22 +0000 SLR 2535524@https://boards.hellobee.com/ <p>I wouldn't necessarily choose to do this, but if I had a realtor I'd been working with and I trusted, it wouldn't be a deal breaker. Our realtor told us that he sells a fair amount of his own listings so I don't think it's all that uncommon of a situation. </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2535468 Wed, 27 Apr 2016 21:16:36 +0000 ElbieKay 2535468@https://boards.hellobee.com/ <p>I would def not do this as a first time home buyer. We were in and out of contract four times when we were condo shopping, so we learned a lot from the experience. In hindsight we were SO GREEN on the first deal that fell through.</p> <p>I might consider it now that I have been through this once before, but only if I got a steep discount on the commission. Like 3%, max 4%. I would expect to share that savings with the seller in the form of a discounted price. And I would lean heavily on my lawyer.</p> <p>If your realtor does not offer you some form of compensation for the conflict of interest -- i.e., discounted commission -- why *wouldn't* you insist that s/he be replaced in the negotiation? Just to be polite? In that case I would find a new representative. </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2535172 Wed, 27 Apr 2016 14:04:17 +0000 psw27 2535172@https://boards.hellobee.com/ <p>We did this and it was a complicated sale (we were the buyers). Frankly, I never really trusted our realtor and never felt like he was acting in our best interest. We were doing new construction and he would frequently try to "hang back" to talk to the contractor outside of my presence, which made me uncomfortable. I wouldn't do it again. </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2535133 Wed, 27 Apr 2016 13:19:08 +0000 honeybear 2535133@https://boards.hellobee.com/ <p>@pwnstar: I 100% agree. It's ridiculous that Realtors are allowed to represent both sides of the deal. It raises some very important questions about what their role really is. </p> <p>I would not do it, and I would not use another agent in your Realtor's office, either. </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2535113 Wed, 27 Apr 2016 13:07:48 +0000 sarac 2535113@https://boards.hellobee.com/ <p>I am currently doing this. It works because I am buying my house from my landlords, we've agreed upon a price, and in this market, I would basically pay them anything they asked. We're also not doing any inspections, because, again, this market is so nuts that as long as the house is still standing, it's a good deal. So, that simplifies things enormously. The agent is basically just making the process happen. I wouldn't do it if not for all of these things. </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2535101 Wed, 27 Apr 2016 13:00:10 +0000 milano14 2535101@https://boards.hellobee.com/ <p>Thanks everyone for your great feedback!<br /> Just discussed again with my husband and hr is calling a different Realtor that we know now. </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2535100 Wed, 27 Apr 2016 12:57:21 +0000 oliviaoblivia 2535100@https://boards.hellobee.com/ <p>I'd have someone else from the agency step in. Buyers agents have a big enough conflict of interest as it is. </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2535048 Wed, 27 Apr 2016 12:09:41 +0000 MamaG 2535048@https://boards.hellobee.com/ <p>I would absolutely ask the realtor to have someone else step into the transaction. I see the conflict as large even if legal.</p> <p>The last realtor I used was a husband/wife team. The husband solely represented buyers and the wife only sellers. Still obviously closely related parties. It was never an issue for me, but they disclosed it on the front end, should I view a home his wife was listing for sale. </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2535024 Wed, 27 Apr 2016 11:41:01 +0000 sunny 2535024@https://boards.hellobee.com/ <p>Remember that an agent's only motivation is to close the deal quickly. </p> <p>I think dual agency may work to your advantage to get an offer that the seller would accept, since the agent is advocating for you. If there are any defects found during inspection, your agent may work against you by trying to persuade you not to ask for repairs or credits. </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2535016 Wed, 27 Apr 2016 11:35:22 +0000 Mrs D 2535016@https://boards.hellobee.com/ <p>My opinion on the commission (my state commission is 6% standard - 3% to listing agent and 3% to buyers agent) is they should reduce their rate to 4 or 5%...however - that discount really goes to the seller...not the buyer. </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2535014 Wed, 27 Apr 2016 11:34:19 +0000 Mrs D 2535014@https://boards.hellobee.com/ <p>We encountered this when selling our home - a couple came through the brokers open without an agent and asked our agent to rep them. She presented us the 3 offers and let us know that the final offer was one they had asked her to write.</p> <p>She offered to us that if we chose to negotiate with them she would be happy to involve another agent in her office to consult with us. We were in a multiple offer situation - all over asking...we felt confident we knew the real value of our house so we were not concerned. We ended up going with a different offer...so it was a non issue.</p> <p>Perhaps she has a colleague she could ask to help you as a favor if you do like the house? </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2535006 Wed, 27 Apr 2016 11:22:06 +0000 pwnstar 2535006@https://boards.hellobee.com/ <p>I would strongly advise against it. As a dual agent, the realtor is--and should be-- conflicted out . . . s/he cannot truly act in the best interest of both parties because the interests of the parties are obviously adverse to one another. It shouldn't even be an option . . . especially when other professions prohibit this exact conduct. </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2535002 Wed, 27 Apr 2016 11:14:21 +0000 runnerd 2535002@https://boards.hellobee.com/ <p>We did this no issues a few years ago. We contacted our realtor we used when buying about listing our house in a few months. She happened to be working with a couple that had been a looking for nearly a year and thought it would be a good fit, so we let her show it and sold without going on the market.<br /> It was a pretty straightforward transaction, so we were comfortable with it all and advocating for ourselves. No issues, but it was a little odd situation. </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2535000 Wed, 27 Apr 2016 11:12:33 +0000 Littlebit 2535000@https://boards.hellobee.com/ <p>We did this (as the seller) and our agent reduced the commission to 5%. It worked out ok for us but I don't think I'd do it again. </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2534999 Wed, 27 Apr 2016 11:12:06 +0000 Mrs. Pickle 2534999@https://boards.hellobee.com/ <p>I see this all the time. As long as you have a good agent it shouldn't be an issue at all. Your agent should be able to negotiate on behalf of both of you. </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2534995 Wed, 27 Apr 2016 11:04:36 +0000 T.H.O.U. 2534995@https://boards.hellobee.com/ <p>@MrsBrewer: Yea I would talk to them about reducing their fees. I think for us standard is 6% (3% going to each agent) but in this case it could save you that money. You could also look at saving those fees and paying out of pocket for a real estate lawyer to look over the documents. </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2534994 Wed, 27 Apr 2016 11:04:10 +0000 gotkimchi 2534994@https://boards.hellobee.com/ <p>My friends did this and had no problems but it seems shady to me! I mean this is how they make money so even though he's being upfront I'd be worried he'll be trying to play both sides. I personally wouldn't be comfortable and would have another agent represent me and my interests </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2534993 Wed, 27 Apr 2016 11:03:14 +0000 milano14 2534993@https://boards.hellobee.com/ <p>@MrsBrewer: Yes. I can't seem to get past the fact that the agent is trying to get the highest price for the seller and at the same time trying to get us the best price. I don't know how that would work.</p> <p>The house has been on the market for a long while, it has been severely overpriced and I feel that the seller is looking to get it sold. But I'm still not sure how it will all work out. </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2534988 Wed, 27 Apr 2016 11:01:10 +0000 MrsBrewer 2534988@https://boards.hellobee.com/ <p>I have no experience with this, but would the realtor get double the commission then? </p> https://boards.hellobee.com/topic/dual-agency-experience#post-2534980 Wed, 27 Apr 2016 10:56:24 +0000 milano14 2534980@https://boards.hellobee.com/ <p>Has anyone had experience with Dual Agency when buying or selling a home?<br /> It is when the Realtor represents both the buyer and the seller in the house transaction.<br /> It is legal in my state if both parties consent to it.</p> <p>A home that we would like to put an offer is a listing of our Realtor. Our Realtor brought the house to our attention, because it fits all of our wants, but made it clear that he was the listing agent and that it could be a conflict of interest.</p> <p>At this point we've gotten so many opinions about what we should do (stick with our agent, use another agent in his same office, or find someone completely new).<br /> I'm not sure what the best avenue to take is.</p> <p>So looking to see if anyone has worked through this before/had experience.</p> <p>Thanks in advance </p>