I just finished this article in “Inmans Real Estate Newsletter”. It really shows that the buyer or seller never benefit from an agent or Broker handling both sides of a transaction. Exclusive Buyers and Sellers Agent is the only way to go

Who wins with dual agency? Having practiced single agency since 1973 and exclusive buyer agency since 1986, I am pleasantly heartened by the fact that some of the rank and file in the real estate community are finally starting to get it. Both the seller and the buyer need equal representation. Now that the market has changed, what fascinates me is how many “buyer agents” are popping up, most of whom are still “dual agents.” Page 6 of the U.S. Housing and Urban Development Department’s “Shopping for Your Home Loan” booklet on settlement costs says it all: “It is your responsibility to search for an agent who will represent your interests in the real estate transaction.

If you want someone to represent only your interests, consider hiring an ‘exclusive buyer’s agent,’ who will be working for you.” Dual agency benefits only the dual agent or agency. Neither the seller nor the buyer gets equal representation!

Author: John Rygiol
Buyer’s broker
Exclusive Buyers Agents of America
Seal Beach, Calif.