Definition of Dual Agency:
Dual Agency in Orange County: Not a Good Idea:
Dual agency occurs when the listing agent selling a home also serves as the buyer's agent. It is never a good idea for one REALTOR® to represent both parties in a real estate transaction! The listing agent's job is to sell a home at the highest price; the buyer's agent aims to negotiate the lowest price for his buyers. In this case, the agent and his client's interests aren't aligned. Some buyers feel that a dual agent will be more motivated to write an offer on his own listing since he'll get double the commission from both sides of the deal. This could be a possibility, but chances are the buyers won't get the home for the best price when working with the listing agent. BanCorp Real Estate will never take the role of Dual Agency on any given property in South Orange County.