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Rainmaker
1,954,806
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

It all depends on who the agent is and how well they communicate with their clients. It can work. I have had many and it all boils down to trust.  I have also had some where I referred the buyer to another agent to represent the buyer.  Be up front with the buyer and seller and take it from there. As a listing agent, the seller always comes first and I make sure their instructions are paramount.

Dec 10, 2018 03:50 PM
Ambassador
5,204,945
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

It depends upon the state you're in - dual agency is not legal in all states.

Dec 10, 2018 03:48 PM
Rainmaker
4,555,937
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

It depends. On your state. On your client(s). On your broker. On you.  You have some studying to do, grasshopper.  Hit the books/study material.

Dec 10, 2018 03:47 PM
Rainmaker
5,583,173
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

it's of no use to any client....only to the listing agent.....double sided....

Dec 10, 2018 04:43 PM
Ambassador
2,679,799
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Illegal in Florida.

Dec 10, 2018 03:56 PM
Rainmaker
5,096,566
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I don't care for it... but this question has been asked and answered hundreds of times. I suggest you might check the archives and maybe write a post about what you learn... you'll learns so much more that way.

Dec 11, 2018 04:14 AM
Rainmaker
2,375,582
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

It depends on the clients Caleb Brinker . As others have said it's illegal in many States. It is legal here in ND and often my Sellers prefer I bring the buyer to the table.

Dec 10, 2018 06:57 PM
Rainmaker
1,088,637
Diana Zaccaro Broker Associate
Tropical Beachside - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

This question is state specific. Are either of those legal in your state? If not, the answer is irrelevant to your studies.Dual agency is illegal here and I have never heard of "limited" agency.

Dec 10, 2018 05:25 PM
Rainmaker
715,949
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Glad to see you are not a blue anonymous person. So, thank you to you, and also kudos to you.

To answer your question, my answer is: it depends. I have done dual agency deals "many" times under the 'right' circumstances. Got tons of examples. On other times, the answer would be negative - it would be a no-no fraught with liabilities and problems of all sorts - not a good practice of risk management and good realtorship. It's a big topic for a question on this forum.

The pros in the major leagues get it, and know how to do it right, for the right circumstances. 

Do a bit of research on AR and you'll find some great information about it, including disagreements. 

 

Dec 10, 2018 05:17 PM
Rainmaker
1,209,215
Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

It's practiced here in Indiana.  My husband and I have done it quite a few times.  As long as it's known and agreed to by all parties AND you follow every single rule, you should be fine.  

Dec 10, 2018 04:09 PM
Rainmaker
756,235
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

There are different laws in different states. 

Dec 11, 2018 04:21 AM
Rainmaker
1,712,551
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

We do not have that in Oklahoma.

Dec 11, 2018 04:05 AM
Rainmaker
1,186,057
Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

It’s not a good thing in my opinion.  I don’t like it at all.

Dec 11, 2018 03:23 AM
Rainmaker
1,296,361
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

There are many varied and strongly held opinions on both sides of dual agency. As your career unfolds you will make your own decision. Make it wisely.

Dec 10, 2018 10:04 PM
Ambassador
2,331,147
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

As long as it is disclosed and agreed to by all parties --disclosed and agreed in writing and it is legal in your state .

Dec 10, 2018 06:57 PM
Rainmaker
74,399
Ricardo Mello
Manhattan Miami Real Estate - Manhattan, NY
Manhattan & Miami Real Estate Agent

Good for brokers, bad for buyers.

Dec 10, 2018 06:09 PM
Rainmaker
1,498,868
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Those are two different things.  We have both in California.  For the right situation they can be good, so long as the agents are fine and upstanding and capable.

 

Limited: Out here essentially means "courtesy listing the home in the MLS only, not responsible for anything else."  Not hard to do at all.  There are companies that charge $500 to do this.

Dual: Representing both the buyer and seller.  So long as you are ethical and understand the limits of what you can say and do, you'll be golden.

Dec 10, 2018 05:23 PM
Rainmaker
7,795,794
Roy Kelley
Retired - Gaithersburg, MD

Good or bad, follow the rules in your state.

Dec 10, 2018 03:55 PM
Rainmaker
2,219,617
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good luck with your studies. 

Dec 11, 2018 02:46 PM
Rainmaker
1,598,452
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

xxxxxxxxxxxxxx

Dec 11, 2018 09:46 AM
Ambassador
3,339,984
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

X

Dec 11, 2018 08:03 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Bad

Dec 11, 2018 07:47 AM
Rainmaker
2,776,231
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

It is up to the individual to assess themselves and know their limitations and strengths. Many do it all for the money but that should not drive all decisions

Dec 11, 2018 07:16 AM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

This a subject with a lot of pros and cons. Too big of a question to answer in this forum 

Dec 11, 2018 06:55 AM
Rainmaker
564,494
Maria Sapio
Keller Williams of Central PA - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

Thank you Sheri Sperry - MCNE® 

Dec 11, 2018 06:39 AM
Rainmaker
3,415,644
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

With dual agency you can not get the highest price for your seller while getting the lowest price for your buyer. With limited agency, would you hire a limited doctor? attorney? NO.... you get what you pay for so hire at a discout and get discount services

Dec 11, 2018 05:26 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Those agents uncomfortable with the idea or inexperienced should avoid this option.

Meanwhile some states prohibit dual agency.

Other states make no distinction whatsoever and employ  the 'transaction broker' model.

 

Dec 11, 2018 05:22 AM
Rainmaker
4,855,342
Richard Weeks
Dallas, TX
REALTOR®, Broker

It makes no difference what I think.  It Texas it is not allowed.

Dec 11, 2018 05:21 AM
Rainmaker
5,195,139
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

It depends on the agent and the managing broker!

Dec 11, 2018 04:26 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good luck.

Dec 11, 2018 04:20 AM
Rainmaker
3,626,524
James Dray
Fathom Realty - Bentonville, AR

It happens a lot around NW Arkansas.  The secret is to follow the rules that are in place 

Dec 11, 2018 01:40 AM
Rainmaker
1,237,595
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

write down pros and cons.

Dec 10, 2018 06:56 PM
Ambassador
6,359,738
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Dual agency can be a good thing as long as everyone knows what is happening and that the agent remains neutral.

Dec 10, 2018 06:19 PM
Rainmaker
5,850,611
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Colorado doesn't allow dual agency.

Dec 14, 2018 02:54 PM
Rainmaker
2,070,825
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

I am going to buy that book from your school and let you know what page this subject is covered. 

You got me with you professor (no comments about him)

Dec 11, 2018 07:01 PM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I do over 50% dual and my clients love the smoothnest of the deal

Dec 11, 2018 06:15 PM