{"id":1396,"date":"2007-05-08T07:59:10","date_gmt":"2007-05-08T14:59:10","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1396"},"modified":"2007-05-18T23:41:08","modified_gmt":"2007-05-19T06:41:08","slug":"a-case-by-case-for-and-against-dual-agency","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1396\/a-case-by-case-for-and-against-dual-agency\/","title":{"rendered":"A Case (by Case) For and Against Dual Agency"},"content":{"rendered":"

Trevor Smith’s answer<\/a> to Dual Agency?<\/p>\n

Let the buyer represent himself, and give him the commission regularly paid to the Buyer’s Agent. (Granted, this would still leave the buyer relatively unprotected, but at least if something goes bad, its his own fault and not the agents).<\/p><\/blockquote>\n

Your obvious question is, “Where are the customary apostrophes to indicate a contraction or possessive noun?” No, wait, that is just me. What you are really thinking I suspect is that this sounds suspiciously like a Redfin philosophy, but then, Trevor is not so coincidentally a Redfin agent from Seattle.<\/p>\n

By the way, according to Trevor, Redfin’s Blue Collar<\/a> Spokesmodel, they are gaining market share there at warp speed. In 2006, it was reported that Redfin closed over 200 transactions. Now, it seems they are putting those deals to bed at a clip of 90 a week<\/em>. I feel a press release coming on!<\/p>\n

In light of Trevor’s recent remarks, I’ll take the opportunity to open old dual agency wounds. Is dual agency truly the root of all evil? It depends on who you ask. Even here at the Kennel Club, we have two camps. Now, let’s make that three.<\/p>\n

I fall somewhere in the middle on the subject. Steve and I have acted as dual agents in many transactions. We do not like it, and we do not seek it out, but at times it is so very appropriate that any argument suggesting we are compromising our agency duties is simply ludicrous.<\/p>\n

BITING THE HAND THAT FEEDS ME<\/strong><\/p>\n

Greg Swann is a well-known critic of dual agency transactions.<\/p>\n

Disclosed Dual Agency cannot possibly be effected — in reality — without repeated, overt agency violations.<\/p><\/blockquote>\n

I will offer one example of how this statement is not only wrong but offensive to those of us that bend over backwards to protect the rights and interests of our clients – all of them. We closed escrow recently on a transaction involving our listing and our buyer. The reasons dual agency worked in this situation relate back to Russell Shaw’s contention<\/a> that we have less control over our client’s decisions than one might imagine.<\/p>\n

The idea that the Read more<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Trevor Smith’s answer to Dual Agency? Let the buyer represent himself, and give him the commission regularly paid to the Buyer’s Agent. (Granted, this would still leave the buyer relatively unprotected, but at least if something goes bad, its his own fault and not the agents). Your obvious question is, “Where are the customary apostrophes […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11,7,6,5],"tags":[],"class_list":{"0":"post-1396","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-dual-agency","7":"category-enduring-interest","8":"category-marketing","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1251,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1251\/redfincoms-real-estate-consumers-bill-of-rights-a-wolf-in-sheepskin-clothing\/","url_meta":{"origin":1396,"position":0},"title":"Redfin.com’s Real Estate Consumer’s Bill of Rights: A wolf in sheepskin clothing . . .","author":"Greg Swann","date":"April 2, 2007","format":false,"excerpt":"I am a hardliner on the subject of reform in the real estate industry. Over the last nine months, I have written at great length about, among other things, the skill-set required to survive in the future of full-service real estate, empowering buyers, dual agency, how the NAR makes war\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":667,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/667\/dual-agency-smack-down-russell-answers-up\/","url_meta":{"origin":1396,"position":1},"title":"Dual Agency Smack-Down – Russell Answers Up","author":"Russell Shaw","date":"November 20, 2006","format":false,"excerpt":"Trevor Smith writes: First, I want to say that you are incredibly articulate and a great writer. You know what you believe, you've researched it, and you stand by it. So, as far as that goes I respect you. Second, I am with John L Scott, where I charge 4%\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"$100 Russ","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2006\/11\/%24100%20Russ.gif?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":216,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/216\/there-is-a-case-to-be-made-for-experience\/","url_meta":{"origin":1396,"position":2},"title":"There is a case to be made for experience . . .","author":"Greg Swann","date":"August 16, 2006","format":false,"excerpt":"This bit from RedFin (tipped by FoREM) reads to me like a dual agency lawsuit waiting to happen. Why? Because RedFin is paying an extra incentive for its buyer clients to purchase a home from its seller client before the seller's home is MLS-listed. RedFin would surely argue that no\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":654,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/654\/redfin-again\/","url_meta":{"origin":1396,"position":3},"title":"Redfin Again","author":"Russell Shaw","date":"November 19, 2006","format":false,"excerpt":"Trevor Smith writes (and I respond): Your comment about Redfin is not only ignorant it is probably borderline libel. Please feel free to pass my comments and my contact information along to them. Do you even know exactly what services Redfin does or does not provide? No. What I do\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":658,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/658\/dual-agency-smack-down-if-being-a-big-brokerage-is-an-inherent-agency-violation-its-not-the-clients-fault\/","url_meta":{"origin":1396,"position":4},"title":"Dual Agency Smack-Down: If being a big brokerage is an inherent agency violation, it’s not the client’s fault . . .","author":"Greg Swann","date":"November 19, 2006","format":false,"excerpt":"Please. Recognize that everything I say or write is true and do not argue with me. Thanks!Hi! Welcome to BloodhoundBlog. My name is Greg Swann. I question everything. ;) From my point of view, we're still not getting any traction.But single agency is not a viable business model.\u00a0 Period.\u00a0 A\u2026","rel":"","context":"In "Dual Agency"","block_context":{"text":"Dual Agency","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dual-agency\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":217,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/217\/i-think-this-my-be-the-more-interesting-redfin-news\/","url_meta":{"origin":1396,"position":5},"title":"I think this may be the more interesting RedFin news . . .","author":"Greg Swann","date":"August 16, 2006","format":false,"excerpt":"Founder David Eraker to Leave Redfin. It certainly couldn't be because he was acting too much like a hard-headed real estate broker... Technorati Tags: blogging, disintermediation, dual agency, real estate, real estate marketing","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1396"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1396\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}