Can a Real Estate Agent Represent Both Parties
It Is Well Known That Under California Law a Real Estate Broker May Act as a “Dual Agent” for Both the Seller and the Buyer in a Property Transaction, Provided...
It is well known that under California law a real estate broker may act as a “dual agent” for both the seller and the buyer in a property transaction, provided both parties consent to the arrangement after full disclosure. In such representation, a dual agent owes fiduciary duties to both buyer and seller.
Can Realtors represent both sides?
Dual agent – A real estate agent may act as a double agent representing both the buyer and the seller in a real estate transaction but only with both parties’ express consent. A dual agent shall be neutral concerning any conflicting interests of the seller and buyer.
Is it OK for a real estate agent to represent both buyer and seller?
Yes, that’s allowed. The situation you’re referring to is called transaction brokerage. Transaction brokerage is a service option when your real estate professional represents a buyer client interested in purchasing the property in which you are the seller client.