{"id":297,"date":"2006-09-07T14:25:53","date_gmt":"2006-09-07T21:25:53","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=297"},"modified":"2006-09-12T13:50:30","modified_gmt":"2006-09-12T20:50:30","slug":"back-story-how-we-evolved-our-policy-forbidding-dual-agency","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/297\/back-story-how-we-evolved-our-policy-forbidding-dual-agency\/","title":{"rendered":"Back story: How we evolved our policy forbidding dual agency . . ."},"content":{"rendered":"

Someone commented on Greg’s recent post regarding dual agency<\/a>. I thought I’d give you the “back story” so you can understand how we came to this position. <\/p>\n

Just this past May three events converged to make it crystal clear that dual agency was, in general, good for no one except the real estate agent — who doesn’t want to shake loose those extra dollars he can get from both<\/i> of his clients by serving neither of them<\/i> well:<\/p>\n

One of the classes I attended to earn my GRI (Graduate of Realtors Institute)<\/a> was taught by Cec Daniels<\/a> and<\/i> Don Martin, past president of Arizona Association of Realtors. For two days we learned from Cec all about how practicing dual agency was unfair to our clients, and Don was all over the idea of the liability dual agency creates for the brokers. During this lecture, one of the instructors wore a baseball cap embossed with a capital B<\/b> (ostensibly for B<\/b>uyer) and the other a cap embossed with a capital S<\/b> (S<\/b>eller). When they stood together in alphabetical order their caps spelled out another term for dual agency. \ud83d\ude09<\/p>\n

At about the same time, Greg was representing a dear family friend in the sale of her house. He got a sign call from someone who didn’t think he needed buyer representation… he was shopping on his own and making sign calls. (He told us that the primary reason he was interested in our friend’s home more than any other was that Greg was the only<\/i> agent who had returned his sign call!) By this time we were already convinced that it’s practically impossible to avoid dual agency when representing a client if the customer (a party in a real estate transaction who is not my client) is unrepresented. The party without representation is sure to rely on us for advice — even though we cannot advise a customer without creating an undisclosed dual agency. Thus, since we would be the only professional representation when half of the parties weren’t represented, we had made it policy to sign limited dual agency agreements with each party. Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Someone commented on Greg’s recent post regarding dual agency. I thought I’d give you the “back story” so you can understand how we came to this position. Just this past May three events converged to make it crystal clear that dual agency was, in general, good for no one except the real estate agent — […]<\/p>\n","protected":false},"author":3,"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":[11,6,5],"tags":[],"class_list":{"0":"post-297","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-dual-agency","7":"category-marketing","8":"category-real-estate","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":874,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/874\/dual-agency-smack-down-arizona-association-of-realtors-general-counsel-michelle-lind-on-dual-agency\/","url_meta":{"origin":297,"position":0},"title":"Dual Agency Smack-Down: Arizona Association of Realtors General Counsel Michelle Lind on Dual Agency . . .","author":"Greg Swann","date":"January 8, 2007","format":false,"excerpt":"The Arizona Association of Realtors has just published Arizona Real Estate: A Professional\u2019s Guide to Law and Practice by Arizona Association of Realtors General Counsel Michelle Lind. I don't know what is planned for this book, but it is comprehensive enough to be used as one of the texts in\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":103,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/103\/location-location-location-refusing-dual-agency-puts-realtors-above-reproach\/","url_meta":{"origin":297,"position":1},"title":"Location, location, location: Refusing Dual Agency puts Realtors above reproach . . .","author":"Greg Swann","date":"July 19, 2006","format":false,"excerpt":"I may have stirred up a hornet's nest on the subject of No Dual Agency. Jim Duncan at Real Central VA posted his thoughts, and the sellsius\u00b0 real estate blog posted a round-up, asking Are Buyers Customers or Clients? From Arizona, taking a trip Back East is also taking a\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":11365,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/11365\/i-like-dual-agency-so-much-that-im-writing-a-commercial-for-it-and-you-can-help\/","url_meta":{"origin":297,"position":2},"title":"I like dual agency so much that I’m writing a commercial for it — and you can help!","author":"Greg Swann","date":"February 22, 2010","format":false,"excerpt":"Okay, I don't like dual agency. The more I've thought about it, over the years, the more I see that it cannot possibly done in a manner that it is actually fair to both parties. And that ignores the perceptions of the principals. The one little bit of glue holding\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":7197,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7197\/dual-agency-debated-outside-of-the-echo-chamber\/","url_meta":{"origin":297,"position":3},"title":"Dual Agency Debated Outside of the Echo Chamber","author":"John Rowles","date":"February 27, 2009","format":false,"excerpt":"Google News plopped a link to a Blog post on SFGate.com (The San Francisco Chronicle's Web site) about dual agency in front of me today. It's always interesting to see a discussion about what Greg calls \"...the insane way we compensate buyer\u2019s agents in the residential real estate market\" in\u2026","rel":"","context":"In "Carnival of Real Estate"","block_context":{"text":"Carnival of Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/carnival-of-real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":314,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/314\/caesars-wife-on-the-witness-stand-the-moral-the-practical-the-marketable-and-the-defensible-approach-to-forbidding-dual-agency\/","url_meta":{"origin":297,"position":4},"title":"Caesar’s wife on the witness stand: The moral, the practical, the marketable and the defensible approach to forbidding dual agency . . .","author":"Greg Swann","date":"September 10, 2006","format":false,"excerpt":"I had a great letter today from Bob Hunter of the Muljat Group about our policy forbidding dual agency. I'll quote the whole thing first:Greg, my wife and I are agents in Bellingham, Wash and I have a question relating to your position on dual agency. Our brokerage is a\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/NoDualAgency.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":649,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/649\/dual-agency-smack-down-a-category-11-hurricane-of-arguments-against-disclosed-dual-agency\/","url_meta":{"origin":297,"position":5},"title":"Dual Agency Smack-Down: A category 11 hurricane of arguments against Disclosed Dual Agency . . .","author":"Greg Swann","date":"November 17, 2006","format":false,"excerpt":"I'm going to stir up a category 11 hurricane by basing my initial entry in the Dual Agency Smack-Down on our past posts on the subject. Cathleen and I have dealt with this topic at great length in the past, so it seems reasonable to reinforce our arguments by revisiting\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":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/297","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=297"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/297\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}