Divided attention in dual agency

Letter to the Editor

Inman News

Re: 'Romancing the "hogger" ' (July 20)

Dear Editor:

As an investor and mortgage broker, I feel this is totally unethical to work both sides of a deal. Obviously 55 percent of you is working for the seller, no matter how much you feel that you aren't. The only person that would do this is a greedy one, and that's what has our country in the real estate mess that we're in.

Unfortunately, I am finding more and more property owners are looking to bypass agents and deal directly with the purchaser. The problem is trying to juggle too many deals at once! It doesn't matter how much education we have when we are dealing with hundreds of thousands of dollars and different people and personalities: Someone is going to lose.

I would like to share an example: I purchased a home on a lake with several extra lots. I flew for eight hours to make a 30-minute deal and have spent six months waiting for the attorneys to close.

Can you see what would have happened if I had a dual agent? All you need is an agreement between the purchaser and the seller. Why make things complicated?

The seller always has a bottom line. Go right to it, close the deal and move on. You'll make more money, have more clients and less stress (for everyone involved).

Jim Hamilton
JCJ Consulting Group LLC
Palm Coast, Fla.

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Submitted by on August 3, 2009 - 12:47pm.

We can comment on this day after day, week after week, until that place freezes over - but it will always be a fact.

To be totally ethical, fair and honest to your client, you as a Broker/Agent need to represent only one party - the Buyer OR the Seller, Not both.

Nuf Sed.

Barry Noble Indeendent Broker/Realtor and Certified Residental Appraiser. www.MyPrpertyIsWorth.com