California Real Estate Radio

There are eight states in which dual agency is illegal.AlaskaColoradoFloridaKansasMarylandTexasVermontWyomingDual agency in real estate occurs when a real estate agent represents both the buyer and the seller in the same transaction. While it's legal in some places, many real estate professionals and consumer advocates advise caution and highlight potential drawbacks. Here are several reasons why dual agency may not be the best choice for a home buyer:Conflict of Interest:Limited Loyalty: In a dual agency scenario, the agent owes fiduciary duties to both the buyer and the seller. This dual loyalty can create a conflict of interest as the agent tries to balance the needs and interests of both parties.Information Asymmetry:Unequal Access to Information: Dual agents may have access to information that one party might not want the other to know. This unequal access to information can put one party at a disadvantage.Negotiation Challenges:Limited Advocacy: Dual agents may struggle to provide full advocacy for