I tend to use buyer broker agreements with all of my buyer clients fairly early on in our buyer client realtor relationships and this reason is this: first and foremost it lays out my fiduciary duties to my buyer clients. … I approach it as something that I will be asking for, but the first couple of meetings is sort of a time of dating of us feeling each other out and seeing if we are good matches, if we want to work with each other. Buyers and Realtors tend to spend a lot of time with each other, anywhere from six to 1,000 hours together looking for houses and home inspections and just time in the car and meeting the kids. … So pretty much if you need a page to explain the perils of why dual agency is bad, really, you might want to get rid of it altogether, but I write in all my buyer broker agreements that I will not do single agent dual agency.
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Five Years of Real Estate Blogging
For my readers and clients (and potential clients) – please contact me anytime with questions about the Charlottesville regional real estate market, story suggestions, tips, I worked hard on last year’s “blog-iversary” post where I looked back at four years of blogging about the Charlottesville real estate market , so I won’t do the same this year. … I and we at Nest will just continue doing what we think is right for our clients; ” Dual Agency is not in the client’s best interest — it’s only in the agent’s best interest “.
…Tools don’t make you good at what you do – in my case, representing clients. – My archives are getting full. – I’m trying to stick with my roots – writing about the Charlottesville real estate market, growth, politics, etc. .
…I serve on the Charlottesville Realtor Association Board of Directors , a committee or workgroup here or there, just finished my fairly fruitless term on the Virginia Association of Realtors’ Public Policy Group, will be beginning service on a VAR Group tasked with evaluating Virginia’s Agency laws (because, since the early ’90’s “much has changed in real estate with the advent of new technologies, business practices and consumer expectations.”) and will continue to serve on National Association of Realtors Groups and Committees whenever I am asked.
Tune in to WINA today at 4:15
Topics I expect us to cover – – A brief update on the Charlottesville/Albemarle/Central Virginia market – What’s holding buyers back? … – Maybe a Realtor update – General economic update – The move to Nest Realty Group (and maybe touch on the quest to end Single Agent Dual Agency) Any other ideas?
It’s All Confidential
Every email, instant message, phone call, text … basically any conversation that comes about because of this blog is considered by me – the owner and operator – to be confidential. The range of questions that I receive is broad and varied, ranging from home inspection process questions to questions about specific neighborhoods to “how much should I offer …” to questions about agency – and dual agency.
Challenging the Status Quo
If you’re an agent practicing Dual Agency and get sued, how long do you think it’ll take an attorney to pull up these documents and the large number of posts warning against Dual Agency? … ~ Lem Marshall, VAR Legal Counsel “Commonwealth Magazine 2004″ In all honesty, I’d like an explanation here in public rather than in a hallway or a meeting or behind my back – Why is courage to examine the status quo so lacking?
Posts with Enduring Interest – Take Two – Just for Buyers
Choosing the Right Buyer’s Agent Proof that Gas Prices are affecting buyers in Charlottesville area A Cautionary Tale – Yet another Due Diligence Question for Buyers, Sellers and Realtors You’re Buying Your Monday Mornings Online Buyers’ Habits Changing Why take a Buyer’s Agent to New Construction? … Questions to ask your agent in Charlottesville – hiring representation should not be taken lightly Default Position – one of many posts written on the perils of Dual Agency – for the frequently unsuspecting Buyers but for the Realtor profession as well.
Number One!
How to sue dual agent (thanks, Google) Dual Agency is a scourge upon the Realtor profession, and I’ll gladly take the number one position against it.