What do we have to do to rid ourselves of Single Agent Dual Agency?

I’d be curious to know also if any companies out there, big or small, offer bonuses to their agents for selling one of their own listings, whether new or resale.

A lot of buyers just don’t understand the value of agency, and don’t get the opportunity to learn from the first agent they meet what buyer’s agency is.

See also –

All the agents wanted my business and Default Position.

1. ed note: name removed (the dominant local new home seller’s agent) new home sales division is fundamentally crooked and deceptive about dual agency, and

2. Since there is no current way to check the blatant conflict of interest, anyone who can’t use his common sense and figure that out dual agency, ed note: name removedeven the practice of using a RE agency to market new homes–are all bad ideas, the buyer deserves the screwing he’ll probably get.

3. If I’m buying a house I’m damn sure going to explore the areas around the neighborhood ON MY OWN, including but not limited to looking at all the roads in and out. Anyone who needs a Realtor to figure that out had better hope their Realtor cares more about their clients’ well-being than 3%. Common sense = an oxymoron.

This is 2008. There is no excuse for putting your fate in the hands of a real estate agent (or an accountant, or a salesman, or a stock adviser, or the government, or…)

Thanks for the comment. I’ll take the hypothetical one step further –

Say this is a new construction development and unsuspecting buyers come into the open house …

Does he have an obligation to recommend designated agency?

At what point might it be appropriate for him to recommend that designated agency come into play?
1. Does he show it to them first?
2. Does he wait until they express some interest
after the showing?
3. Does he wait until they have discussed
possible terms, values, sellers motivation or
negotiation strategies?
4. Does he wait until an offer has been prepared?
5. At what point should he introduce them to
their new “designated agent”?

If he does it after any of the five time periods above, is he acting as a dual agent himself until designated agency is invoked?

At what point should the “designated agent” prefer to get involved?

Who showed the potential buyers the other way to access the property?