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Dual Agency: The Hidden Risks | Real Estate News
Description
Dual agency in real estate—when one agent represents both buyer and seller—is legal in most states but banned in eight, thanks to its high risk of conflicts. Even where allowed, it demands ironclad consent and extreme neutrality, which is tough to maintain. Clients often don’t fully grasp the stakes, leaving room for trouble. New NAR rules now require buyers to sign upfront agreements with their agents, possibly pushing first-timers toward dual agency—especially if they’re already aligned with the seller. While it can speed things up, it’s risky if negotiations get heated or prices misalign; a separate buyer’s agent is usually the safer bet.
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