Alexandria Wentland

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Rainmaker
1,361,634
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

In 21 years, I've never used limited agency. I use exclusive and dual every deal so I have the option to sell my own listings rather than sit on my butt waiting on other agents. But, I both rely on my own skills to find buyers as much as I know there are many great REALTORS in San Diego that bring very able buyers to my escrows. So it's a two prong strategy that has provided 21 years of success and selling very often in multiple offers across those 21 years (even during The Crash). 

Mar 30, 2020 10:47 AM
Rainmaker
577,737
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

as with many things, there is no blanket answer to your limited agency question, which does not necessarily mean dual agency, it depends on the circumstances.  I have never had a situation where either has ruined a transaction.

Mar 30, 2020 10:35 AM
Rainmaker
1,058,303
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Of course I'd prefer both sides BUT it is not a wise thing since I wouldn't really be able to be a fiduciary to both buyer and seller

Mar 30, 2020 11:52 AM
Rainmaker
7,052,123
Roy Kelley
Retired - Gaithersburg, MD

Good or bad, simply follow the rules in your state.

Mar 30, 2020 11:18 AM
Ambassador
2,789,685
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
St. George Utah Area Residential Sales Agent

It works for some, while not for others.

Mar 30, 2020 11:05 AM
Rainmaker
577,123
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I have never done "limited agency".  In my practice I have been a Dual Agent a number of times and it has always worked out for both my buyer and seller.  Never a problem.  

Mar 30, 2020 01:33 PM
Rainmaker
2,692,834
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

It depends who is wielding this tool...The savvy agent makes classical music out of it while the green-bean agent toots their horn. Symphony or noise?

Mar 30, 2020 12:04 PM
Rainmaker
1,028,307
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

In California, as far a I know, you are an agent for the party or you are not. You are not a limited agent.

Dual agency can work. It must be know and agreed to by both buyer and seller. It can also be a haven for the greedy and unscrupulous who are interested in fattening their wallets and not the best interests of their respective clients.

Mar 30, 2020 08:58 PM
Ambassador
5,763,174
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Duel agency can be a very good thing if the right agent it involved.

Mar 30, 2020 01:57 PM
Rainmaker
698,699
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

It should be illegal in my opinion.  Not because it's self serving to my benefit but due to the significance of Fiduciary Duty.

Mar 30, 2020 01:36 PM
Rainmaker
2,086,564
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Limited agency is NOT the same as dual agency Alexandria Wentland . I worked as a Dual agent all of my career and it was never a problem. A good share of my career I represented Developers, Builders, and Contractors whom all loved my acting as a dual agent.

Mar 30, 2020 11:56 AM
Ambassador
3,162,800
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

 I wish you all the best with your real estate studies. 

Mar 31, 2020 10:08 AM