listing agreement. This is also true for the buyers. A buyer can get out of a buyer’s agency agreement, but only if their agent has a listing in which the buyer is interested. When it comes to dual agency, there are advantages for the seller: • Trust has already been gained with your listing agent, having your best interest in mind. • Your listing agent works with corporate relocation buyers who need to find a house quickly, and they will ensure your house will be sold for the asking price.
There are also cons when it comes to dual agency, and they are:
• You can’t be advised by your agent as thoroughly when they must act as a dual agent, because impartial facilitation is required. • Your listing agent is not allowed to negotiate the best or highest price for you if also negotiating both the best and lowest terms for the buyer. • Earning a full commission, if the opportunity arises, may tempt the agent to coerce a deal that you might not accept otherwise. • Your agent may inhibit all access to your listing through buyers with other agents. To avoid surprises or anything going wrong in general, when going with dual agency, always ensure you properly represent and clarify your full relationship with your agent.
You can do this by using an exclusive buyer agency agreement,
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