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Rainmaker
980,863
Peter Mohylsky
PMI. Destin - Miramar Beach, FL

https://www.nar.realtor/agency

 

I did some more research 

Aug 02, 2021 10:49 AM
Ambassador
3,158,329
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

California allows "double-dipping" aka, dual agency ... an agent/brokerage can represent both sides of a transaction. 

I am not a fan of dual agency.  To each their own. 

Aug 02, 2021 03:13 PM
Rainmaker
982,682
Elyse Berman, PA
Best Connections Realty, Inc. - Boca Raton, FL
Boca Raton FL (561) 716-7824

Sounds like it's a Florida thing.  

Aug 02, 2021 12:34 PM
Rainer
358,239
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

Kentucky's Agency Disclosure has 1. Transactions involving two agents in two brokerages, 2. Transactions involving two agents in the same office (then it defines whether it is designated agency or dual agency), 3. Involving only one agent (then defines if acting as a dual agent, or only representing one party), 4. involving non-client parties (then defines as transactional or non represent parties.)

 

Aug 02, 2021 12:23 PM
Ambassador
2,608,498
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 

Florida thing

   

Aug 02, 2021 11:44 AM
Rainmaker
1,024,302
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Dual agency is legal in California.

We never speak about transactional brokerage but I believe it is possible.

Aug 02, 2021 10:50 AM
Rainmaker
1,430,371
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Not at thing in Cali.  We're allowed to do dual agency here.

Aug 02, 2021 03:05 PM
Rainmaker
612,606
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

When Florida came out with mandatory agency disclosures in 1994, the mega brokers did not like it.  Up to that point the consumer was clueless...

 

Brokers now had to disclose who they really work for and were no longer able to just pretend or avoid the subject.

 

Dual Agency sounded too close to "double agent" so it became "transaction broker" because it sounded better.

 

The lie is that they allow the "transaction broker" to claim that they represent ( with NO FIDUCIARY DUTY) but then they changed the definition of represent to ONLY MEAN that the buyer or seller are not liable for anything the broker says or does.

 

Now they have totally done away with any agency disclosures....a great talking point for me that really does represent a buyer.

Eve

Aug 03, 2021 06:19 AM
Rainmaker
4,568,179
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Fred Griffin Florida Real Estate has the semantics correctly analyzed in a comment about your research. Many states have laws on agency that make little or no sense. Guess the state legislators have learned well from the idiots in DC!

Aug 03, 2021 04:45 AM
Rainmaker
945,676
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Florida thing. In Arizona we have disclosed dual agency, perfectly legal. You cannot represent 'no one' here. Are agency disclosure says you either represent the seller, you represent the buyer, or you may show buyer properties that you have listed but disclosure in writing must be made.

Aug 02, 2021 01:30 PM
Rainmaker
5,324,726
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

We have a choice to work with buyers as a Transaction Broker or Buyer Agent ONLY.   They eliminated dual agency years ago.

Aug 02, 2021 12:09 PM
Rainmaker
1,766,686
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

Totally not getting it.

Aug 02, 2021 10:39 AM
Rainmaker
4,491,440
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

South Carolina has a transaction agent option but I rarely see it and only did it myself once. Not an option in North Carolina. I seem to recall that New Jersey also has an option for transaction agency.

Aug 03, 2021 04:03 AM
Ambassador
5,753,642
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Different states use different names, however I suspect the laws are very similar in most.

Aug 03, 2021 01:00 AM