By forgoing potentially millions of eyeballs on two leading real estate portals, one could argue that Edina is betting the «double dip» they will get
from dual agency transactions will more than make up for the loss in visibility — a loss that could increase market time of listings and loss of clients who DO want wider distribution of their home.
Not exact matches
This prohibition extends to the receipt of commissions
from the other party to a
transaction, a situation which creates potential difficulties for brokers in buyer
agency and
dual agency relationships.»
Some NAR members have received communications
from servicers, such as Bank of America, that
dual agency is not allowed in FHA short sales
transactions.
However, those should not preclude select qualified Realtors
from delivering better deals to their clients through
dual agency than they could otherwise — eliminating one Realtor often breaks the «broken telephone» problem in a
transaction.
The main difference between today's role of the brokerage as a
dual agent, and the proposed role of the brokerage as a
transaction facilitator, is that this is the role of the brokerage that would be established
from the outset, either when a listing is taken or a buyer
agency agreement is signed.
Here is my submission to that end regarding
dual agency transactions: Another Realtor of local stellar repute (not
from the chosen Realtor's brokerage but whom the buyer's and seller's mutual Realtor would recommend to his / her respective buyer / seller clients for their approval) would oversee / facilitate the negotiation process once an offer — or offers — has / have been announced as being on the table.
In terms of Designated
Agency and Transaction Brokerage, it was the view of the Task Force that dual agency is a situation that causes problems within the industry and if we could find ways to minimize those problems, the industry and consumers would benefit from
Agency and
Transaction Brokerage, it was the view of the Task Force that
dual agency is a situation that causes problems within the industry and if we could find ways to minimize those problems, the industry and consumers would benefit from
agency is a situation that causes problems within the industry and if we could find ways to minimize those problems, the industry and consumers would benefit
from that.
Just as caveat emptor has vanished
from residential
transactions,
dual agency is next — and there's no danger of
dual agency when you practice
transaction brokerage.
Some brokerages intentionally withhold listings
from these sites in hopes of increasing their chances of collecting a double commission (happens in
dual agency and designated
agency transactions).