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How can we avoid dual agency?

The easiest way to avoid dual agency is to hire a real estate agent who always works in a \u201csingle-agency capacity.\u201d If you're a buyer, hire an agent who exclusively works as a buyer's agent, never a seller's agent. If you're selling, seek out an agent who exclusively represents sellers.

What is a designated agency?

A designated agency is one that represents both buyers' and sellers' interests. One agent, working for the broker or agency, represents the seller and another stands in for the buyer. It's a requirement that certain procedures are put in place to ensure that client information is kept separate.

What is the difference between designated and dual agency?

Dual agency is when a single real estate agent represents both the buyer and sellers in a real estate transaction. Designated agency occurs when a buyer and seller are represented by two agents at the same brokerage.

Is dual agency a good idea for the seller?

To protect your finances and ensure you are selling or buying at the best possible price, it is probably best to avoid dual agency. Buyers or sellers may be inclined to work with a dual agent because they want to obtain confidential information about the person buying or selling the home.

What is a dual agency relationship in real estate?

Dual agency occurs when a real estate agent works on behalf of both the home buyer and seller. In most real estate transactions, it is much more common to have separate agents represent each party, as this helps avoid the conflict of interest that can happen when an agent negotiates for both sides.

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