The true test of a good realtor is practicing dual agency in the sale of a home. Google has 16 definitions for dual agency. The definitions apply to the whole nation and not just Dayton, Ohio. The most complete definition can be found at RealtyStore.com. Dual agency is defined as "A breach of agency rules which must be disclosed to the parties. Where one agent (often a real estate broker or agent) represents both sides in a contract (i.e. the Vendor and the Purchaser) such that the agent has a conflict of interest." Good realtors are able to practice dual agency, but great realtors are able to practice dual agency completely and successfully. A dual agent must be honest and maintain both parties confidentiality. Working in a busy office can make it tough to maintain a client's confidentiality. Conference rooms are a great place to have a quiet conversation over the phone or in person. Nothing should be shared with one party unless specifically requested by the other party. In order to ensure confidentiality it is never a bad idea to have EVERYTHING in writing. Some realtors don't practice dual agency. Dual agency can be a tricky topic, so if in doubt seek a Broker's advice.
Active Rainers, who does/does not practice dual agency? Any thoughts?
Christina Asad Edwards, REALTOR
Southwest Ohio Home Expert
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Blog article provided by Christina Cavins, a Nationally recognized Realtor with Irongate Inc. Realtors. Christina can be reached via email at ChristinaCavins@aol.com or by cell phone or text message at 1-937-205-4741. For Ohio real estate and homes see Ohio Real Estate.
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