Real estate tip: First-time buyer should avoid dual agency
Can one real estate agent represent both parties in a transaction?
By Inman News, Wednesday, March 3, 2004.Inman News®
Yes, it's called dual agency. Remember, such a situation often poses a conflict of interest. You, the buyer, are vulnerable because the agent's first loyalty is to the seller. While many such transactions are completed without consequence every year, it is wise to seek your own representation if you are a first-time buyer or need significant assistance in making your offer.
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