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.
When I sent him my email
regarding dual agency (almost word for word like this letter), I expected a well - informed, clear answer.
In all my years in the business, I have never been questioned by my clients, customers, or lawyers acting for either of the parties about any ethical concerns
regarding dual agency.
Not exact matches
In
dual agency, the Realtor is sidelined in this
regard, so that's a promise not kept but a topic which is glossed over in the Working with a Realtor, the Listing Agreement and all Buyer agreements.
The IAG recommendations
regarding transparency call for Realtors to disclose incentives and commissions, refrain from
dual agency agreements and use standard forms approved by a regulator.
It certainly provides food - for - thought
regarding what an advocate might put forth as warnings for consumers to be considerate of, especially
dual agency pitfalls.
Realtor drafted
dual agency «warnings» are also severely misleading in this
regard.
Further, even though it was not pertinent to the question of
dual agency, because it involved another property, the court observed that the brokerage's contact with Lindholm
regarding the Rickstrew ranch was ministerial and was done in furtherance of the sale of the Olsen ranch, for Vail Associates knew that Lindholm would not purchase the Olsen ranch if he could not also Purchase the Rickstrew ranch.
It neither bans
dual agency representation nor addresses the substantive law
regarding conflicts of interest.