Dual agency in real estate occurs when a real estate agent or broker represents both the buyer and the seller in the same transaction. In other words, a dual agent works with both parties involved in the sale of a property. Here’s an explanation of how dual agency works:
Dual agency can provide certain conveniences in a real estate transaction, as both the buyer and the seller can work with the same agent. However, it’s essential for all parties to carefully consider the potential conflicts and limitations involved before entering into a dual agency relationship. Seeking independent legal advice or consulting with a trusted real estate professional can help you navigate the complexities of dual agency and make informed decisions.
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