They’re also in charge of helping with the coordination and completion of such items as the roof inspection, the proper docs to get to the attorney, lender info is in order, and coordinating all other professionals involved with the purchase of the home. When negotiations begin, you won’t have to negotiate the contract yourself. Your buyer’s agent will do that for you. You will be responsible for signing the final closing documents. If you can't be there generally, someone from the attorney's office or maybe even your realtor can sign by a specific "power of attorney.'' Your realtor should be present either way.
DUAL AGENCY: THE BASICS
A “dual agency” relationship occurs when a buyer is represented by a brokerage firm that controls the listing. Once an agent represents both the seller and the buyer within the same transaction, the situation is known as “dual agency.” In multiple states, this is illegal because of the conflicts of interest that can arise regarding the broker. All agents hold the same responsibility, which is to inform their clients of all potential risks that could arise due to conflicts of interest. In some states, agents are not allowed to work on both sides of any transaction without consent from the clients. If you’re selling your home and you don’t want your agent to also work with the buyer of your home, it’s your right to say so in the listing agreement. This is also true for buyers. A buyer can get out of an agreement with an agent if they are interested in purchasing a home their agent is listing.
When it comes to dual agency, there are definite advantages for the seller.
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