I Won’t Do Dual Agency, And That’s My Decision to Make

 

In NC there’s such a thing as “dual agency” where one real estate broker represents BOTH buyer and seller….in the same transaction.   So, NC says it’s an option.  I politely say “No, thank you”.

See, loyalty is a big deal to me.  When I’m working with a buyer OR with a seller it’s important for me to be able to be loyal to them, have their goals paramount and be 100% on their team (that doesn’t mean we always agree, but we’re always on the same team!)

I simply don’t feel that I’d be able to be completely fair, impartial and give the same level of service in a dual agency scenario, because really in dual agency loyalty is what gets sacrified immediately – you can’t serve two masters at 100%, in my opinion anyway.  Not to mention that you also sacrifice the ability to give advice to either party during any and all negotiations!

When I work with a client, whether they’re buying or selling a home in Charlotte NC I get to know a LOT about them, their family their personal wants/needs/preferences, some pretty personal information, not to mention their personalities!  For me, it’s just not worth it to even consider representing them AND the other party.  

When I’m representing a buyer or a seller, we’ve gotten to know each other and decided to work together. I’ve committed to them and vice versa.  I don’t take that commitment lightly.

Do I work with buyers and sellers? Yep, just never both as clients on the same transaction, it’s either/or.  I’m the seller’s agent OR the buyer’s agent.  For me there is no option to be a “dual agent”, I just won’t go there.

Dual agency sure is an option for consumers and real estate professionals here in NC (and I believe other areas as well), it’s just an option I choose to decline.

For consumers: ASK your agent how they handle and what their policy is on dual agency!!!  You, as the client have the right to decide how you’re represented and it’s best to address the topic upfront instead of as an afterthought.

Copyright©2010 by Diane McDermott, All Rights Reserved, “I Won’t Do Dual Agency, And That’s My Decision to Make”

————————————————————————————————————————————

The content of this blog is the original content of Diane McDermott, NC Residential Real Estate Broker in Charlotte NC’s real estate market serving neighborhoods in Charlotte NC

Search Charlotte NC Area Homes for Sale

Advertisements

About dianemcdermott

Diane is deeply passionate about serving single and divorced women home buyers, first time home buyers and new to the area buyers navigate the Charlotte area home buying process. Having navigated separation and divorce she has immense respect for the stress of transition and need for a home living situation that supports and nurtures. She connects and guides clients as they navigate the home buying process, transitioning to a space they'll love calling home. McDermott Real Estate
This entry was posted in Buyers, Real Estate, Sellers and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s