dual agency

dual agency

A relationship in which an agent represents two principals—clients—who may have competing interests.Most often encountered when one agent in a real estate company has a listing on a property and represents the seller, and another agent has a buyer-agency relationship with a buyer interested in the same property. Technically speaking, the managing broker is the agent of both parties and acts as a dual agent.

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Dual agency was as blatant as when the same agent acted as both the buyer's agent and the seller's agent in the same transaction, or as subtle as when any agent who claimed to represent buyers was working for a firm that also listed properties (and therefore favored those properties).
Leader spent some time as a dual agency dealing with both public relations and advertising but ultimately it came to specialise in the former.
Tenders are invited for RFB-51-16 KY Dual Agency Office Forestry/FW Bell Co.
Neil Garfinkel, REBNY Broker Counsel and Partner-in-charge of real estate and banking practices at Abrams Garfinkel Margolis Bergson, LLP advised on the benefits of employing dual agency and agency disclosure to improve User Experience (UX) and give brokers the ability to reach as many options as possible for their clients.
Relevant ethical principles include autonomy, beneficence, confidentiality, and dual agency.
Dual agency, the act of representing both the buyer and the seller in a property transaction, is becoming increasingly common as buyers shop for houses on the Internet, contacting the seller's agent directly, the New York Times reported.
However, if you want someone who can help you come up with the best offer, steer away from a dual agency agreement, says Doug Miller, a real estate attorney and executive director of the Navarre, Minnesota-based nonprofit Consumer Advocates in American Real Estate.
Previous research has highlighted noteworthy issues in performing these evaluations, for example, showing underappreciation of the concept of dual agency (the conflict between serving as the treating physician and as an objective evaluator) and poor agreement among psychiatrists as to whether a patient is in fact disabled.
A dual agency approach results in earlier notification of incidents between services leading to earlier deployment of resources.
The legislative committee did pass an amendment to a law regarding dual agency in horse sales, which went into effect last year.
Dual agency, also referred to as mixed agency, (1) is a situation where a person/physician performs or acts for two others.