Keep this in mind – your agent does not have to become a dual agent. Didn’t you hire the agent for their real estate expertise? Sounds lovely, doesn’t it? You are paying a real estate agent thousands of dollars, if not tens of thousands. Throughout the whole transaction, the agent cannot offer you any real estate advice.When the home inspection happens, and the buyer wants you to fix X, Y, and Z, your agent also will no longer be able to help you with guidance.Remember, they don’t represent you anymore. When the buyer makes an offer and asks the agent you hired what you should counteroffer, they cannot answer.What does this mean in the real world? Try the following: If you allow dual agency, the agent YOU hired will no longer be representing your best interests.īy allowing dual agency, YOUR agent will become a NEUTRAL party. The real estate agent gets a phone call from the pretty internet advertisement they are running. Imagine for a moment that you are selling your home. So you end up paying commission for an agent that does nothing essentially. In fact, in many states, laws require that a Realtor serving as a dual agent do nothing to jeopardize the interests of his or her client – which means the agent can say nothing on behalf of either party. These types of Realtors may use the same salesmanship skills to convince you otherwise, implying that the agent can serve the needs of both the seller and the buyer. But any Real Estate agent willing to try and play dual agent is probably going to be willing to paint it as a prettier picture than it is. No seller would ever go for dual agency if they knew the actual facts. Yet, some agents will attempt to offer such a deal to clients because they can get a double commission from the sale. The seller wants to sell for as much as possible, while the buyer wants to buy for as little as possible. You cannot serve the best interests of both a buyer and a seller involved in the same transaction. With dual agency, the Real Estate agent attempts to represent you, the seller, and the buyer, all at the same time, which is technically impossible. Dual Agencyĭual agency is probably one of the worst things a Realtor can do for a client who wants to sell their home. You will see why some of these standard real estate practices do more for an agent’s benefit than a home seller. If you are going to be selling a home shortly, you need to know the ways real estate agents will fool you.īelow I will separate myth from facts in the real world. These are the bad eggs you need to stay away from. There is a significant percentage of agents who will go out of their way to do “the right thing.” Others are more concerned about their income than what’s best for their clients. Keep in mind all of these things are legal, but that doesn’t make them suitable for you! In fact, it is quite the opposite. Not all agents are like this, but it is worth knowing the strategies such real estate agents use, so you can spot them and steer clear of those agents who are not worth your commission. When it comes to selling a home, some real estate agents will deceive their clients to benefit themselves. Real estate agents are people, and as with all industries, there are some who you prefer to work with, and some you don’t. Realtors Upton MA | Real Estate Upton MassachusettsĢK Shares Signs of a Bad Realtor for Home Sellers.Realtor Westborough MA | Top Real Estate Agent Westborough Mass.Realtor Southborough MA | Real Estate Southborough Mass.Realtors Shrewsbury Mass | Real Estate Guide Shrewsbury.Realtor Northbridge MA | Real Estate Agents Northbridge.Realtor Millbury MA | Top Real Estate Agent Millbury Mass.
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