Updated about 11 years ago on . Most recent reply
Dual Agency?
Is Dual Agency something to be avoided?
Situation: I went to a rental showing because I was interested in purchasing within the building at some point. The showing agent happened to be the owner of the unit, who is also a Realtor. I think this agent could provide me with an inside track to purchasing a unit in the building, but this would likely lead to dual agency. Obviously this leads to a conflict of interest, and essentially a loss of someone 'on my side' through the transaction.
What do you guys think of situations like this?
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#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
pros & cons
Pro-is if he sells it to you he doesn't have to pay anyone a commission.
Con-you may be a novice and open to being taken advantage of.
An experienced buyer its a no brainer buy directly from the owner. In a novice situation it becomes more tricky.