From the head of the Commonwealth of Virginia’s Real Estate Board (archived: 2012), Schaefer Oglesby:
We are still seeing numerous cases involving dangerous practice of dual agency. Remember, if something goes wrong with the transaction, you are probably at fault. (italics and bolding mine)
The newsletter is here (PDF) (no longer available). The above is from the quarterly newsletter distributed by the RE Board. That’s a succinct summation of dual agency.If the head of the Real Estate Board finds dual agency dangerous, why do so many Realtors do it?
How long until Dual Agency is outlawed? My opinion? If your agent advocates for Dual Agency, question their motives. Dual agency should be a last resort, a reluctant decision reached only after full disclosure and explanation to all involved parties.
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I have been been representing buyers and sellers in Charlottesville, Albemarle, and Central Virginia since 2001. Get local insight born of experience.
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