Can you be both seller and buyer agent?

In the real estate biz, one agent representing both the seller and the buyer is called dual agency. Although it’s legal in some states, many real estate agents—and house hunters, too—see dual agency as a conflict of interest.

Is it a bad idea to use the same Realtor as the seller?

Buyers can catch a break on Realtor commissions if both sides are using the same agent. The biggest advantage may not be saving money, but the possibility of having a leg up on other buyers by having the seller’s agent know what the other offers are and helping you make the best offer.

Are two real estate agents ethical?

In short, no it is not ethical to use two real estate agents. Real estate agents are only paid when the property sells. So an agent showing you homes would be working for free in good faith that they will be the agent who is getting paid when you finally find the home that you want to buy.

Can a realtor represent the buyer and seller in Texas?

In Texas, a Real Estate Broker who is handling a real estate sales transaction may represent (1) the Seller only, (2) the Buyer only, (3) both Seller and Buyer, or (4) neither Seller nor Buyer. As such, they each owe the Seller certain legal duties.

Can a real estate agent represent both the seller and buyer?

In the real estate biz, one agent representing both the seller and the buyer is called dual agency. Although it’s legal in some states, many real estate agents—and house hunters, too—see dual agency as a conflict of interest.

What are my rights as a buyer or seller in real estate?

The ultimate responsibility to protect your own interests is yours as a buyer or a seller, not the agents’. Either the purchase agreement or a separate document will contain a confirmation of which agent is representing you and whether that agent is representing you exclusively in the transaction or acting as a dual agent.

Can a real estate agent disclose multiple representation?

The real estate agent would have to disclose to all parties that there is a multiple representation situation. If you accept the disclosure, then you can proceed. Now, from a negotiation and fiduciary perspective, it’s not a good position for a buyer to be in.

Is it legal to work with a seller’s agent?

Let’s dive into why working with a seller’s agent is actually a bit more complicated than it sounds. A dual agent, who will be responsible for executing the transaction for both the buyer and the seller, is legal in states such as California and Texas, but be wary before jumping into business with one.