Comments on: The Single-agent Dual Agency debate is revitalized at VARBuzz

By: HB 1907 – Agency in Virginia, Disclosures and More | RealCentralVA.com

Wed, 09 Feb 2011 13:17:23 +0000

[...] 1907 is a big bill; I’ve talked about it before, discussed how and why single agent dual agency is bad; when we founded Nest we made a policy against single [...]

By: Bob Hughes

Bob Hughes — Thu, 14 May 2009 12:31:07 +0000

Jim,
First congratulations on being accepted to speak at the Inman Connect Real Estate Conference this year. That is mighty impressive. I hope when you get back you will still speak to us little agents.
Thanks for bringing to light the serious nature of dual agency . .. it is a slippery slope legally and hopefully soon will be dealt with on a legislative level.

By: michael guthrie

michael guthrie — Tue, 25 Mar 2008 21:23:14 +0000

The rebuttal on your post on VARBuzz is a great example of what I was trying to communicate in my last comment. She has or will work for both buyers and sellers for quite awhile and would be hard pressed to do anything but treat both equally.

By: michael guthrie

michael guthrie — Tue, 25 Mar 2008 20:27:53 +0000

I may be out to lunch on this but I think the real problem is folks use Dual Agency incorrectly. the only time where it technically makes sense is in the rare instance that an agent already represents both parties exclusively and the buyer for whom you represent chooses to buy the listing that you represent the seller as well. in that case, you get both to mutually agree to dual agency. Unfortunately, agents who represent the seller use Dual Agency as a way to sell their own listing without having known the prospective buyer prior to their call or visit to an open house. The cleaner and more honest way to do it is to tell the prospective buyer who is interested that you represent the seller (standard agency)but would be happy to write the contract for them and perform the ministerial acts allowed by law.

By: scott

scott — Tue, 25 Mar 2008 19:22:43 +0000

Jim — There’s actually a comment from Virginia Real Estate Board member Schaefer Oglesby on the Buzz posts in question. It’s been up a week or more. They’re reading…or at least one of them is.

By: Bryant Keefe

Bryant Keefe — Tue, 25 Mar 2008 14:45:43 +0000

I have always thought Dual Agency made as much sense as hiring a lawyer to sue yourself. I know the traditional broker model does not find profit without dual agency so there is not motivation to eliminate it. But no matter how you try to spin it you just cannot serve two masters. This is where law firms have it right. They do searches and cannot represent folks who oppose previous clients of their firm. They call it “Conflict of Interest”.