S / he may be guessing at the percentage sure but it most certainly seems reasonable and considering the Nov. 12 article which states 5 % of sales come from open house activity it's not hard to extrapolate 60 % of
those result in dual agency.
Another important fact about pocket listings is that they always
result in dual agency.
Not exact matches
This
results in fiduciary duties (to a virtual stranger, the seller) and leads to Limited
Dual Agency.
Your reference to «
dual agency» is an valid one, because the main doubt attached to it, is the question of a practitioners ability to remain impartial
in a situation where he / she stands to potentially obtain a greater benefit — through earning a higher commission, as a
result of some exclusivity.
Further, the
results of the consultation do not demonstrate that the public is concerned with the limitations the rule would place on consumer choice as the majority of public respondents were
in favour of the restriction on
dual agency.»
While transaction brokerage addresses some of the conflicts of interest associated with
dual agency, it reduces the range of services that licensees can provide and
results in lesser consumer protections for all parties to a transaction,» says OSRE.
Dual agency arises with little warning and
results in the abandonment of the services for which the agent was hired.
Therefore,
in dual agency the «source» of the brokerage's remuneration is the seller wherever that remuneration arises as a
result of a listing contract.
The
result, hopefully, is that fewer buyers are trapped
in a
dual agency situation without their consent or knowledge.