I just finished reading an article in Inman News regarding a trend in which more and more buyers are now choosing to work with only the Listing Agent. This is a disturbing trend and one that, frankly is a very slippery slope.
Let me first clarify that Dual Agencies (a real estate transaction in which the same brokerage represents both the seller and buyer) are legal in California. They are, however banned in many States.
Here’s the slippery slope…If a listing agent agrees to represent both buyer and seller (He/she cannot do so without consent from the sellers), the listing agent is compelled to provide the same fiduciary responsibilities to the buyer(s). The question that begs to be asked is this, is it even possible?
Food for thought…..