Dual Agency, Who Benefits? See the Definitions of Working Relationships First!

If you are not familiar with the term DUAL AGENCY, here is the quick definition. A Dual Agent is someone who represents both the Buyer AND the Seller in the same transaction.

In most areas, like Colorado Springs for example, you can not legally be a dual agent in a real estate transaction. You can however be a Transaction Broker. Basically the same idea with different responsibilities.

Q: Who benefits by having only one agent in a real estate transaction?

A: That depends on your point of view!

Let me explain. There are a couple different ways to look at it.

Lets start with the PRO's: (Assuming a competent agent)

• My personal opinion is that is it always easier to deal with the other agent when you are the other agent!
• Processes are easier, under most circumstances, with only one agent because lines of communication are shorter.
• If you have enough "Trust" within the principals and the Broker, the negotiations are more streamline and tasks easiest to accomplish

The CON's for using Transaction Broker

• Confidential information may be inadversely communicated to the other party.
• Assuming the Broker is not competent, there is no "Other Broker" to push the deal and keep things on track.
• There could be failure to disclose pertinent information with no checks and balances.
• You never know for sure where the Transaction Broker's loyalties are. They actually have no Fiduciary responsibility to either side.

Certainy, most Colorado Springs Real Estate Brokers have the integrity and competence to be a Transaction Broker. If you are considering a relationship with a Real Estate Broker. They must first show you the form called DEFINITIONS OF WORKING RELATIONSHIPS. Be sure they fully review it with you, make sure you have thorough understanding of what the relationships are and be sure you know how this applies to you.

Consumer info by William Szilagyi Williams HomeSellers www.ZColorado.com www.WilliamsHomeSellers.com 719-646-2634 colorado springs home values,colorado springs homes for sale,colorado springs housing,colorado springs real estate,colorado springs realtor,colorado springs realty,foreclosed homes colorado springs,foreclosure colorado springs,fort carson housing,fort carson real estate,home values colorado springs,homes colorado springs,homes for sale colorado springs,housing colorado springs,mls colorado springs,mls listing colorado springs,mls listing colorado springs,property colorado springs,realtor colorado springs,realty colorado springs

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