Dual Agency is the term used when a real estate agent or firm represents BOTH the buyer and the seller on the same property. Some states have outlawed dual agency while others still allow it. Most, however, require the real estate brokerage to disclose the dual agency to the buyer and seller prior to them entering into the purchase contract.
In San Diego County dual agency is legal, but California does have strict agency disclosure laws. San Diego home buyers should be aware of these laws and how dual agency negatively affects them (one agent or firm cannot represent the best interests of the buyer while also representing the best interests of the seller of the same property) before hiring a buyer's agent.
Much like you wouldn't let the other team's coach advise you or tell you what to do in an important game, once home buyers learn about the negative effects of dual agency they often choose to hire a San Diego realtor who guarantees they will not become a dual agent.
Read Also: Why is Dual Agency Bad for Homebuyers?
Read Also: Interview Questions to Ask Before Hiring a San Diego Buyer's Agent
Read Also: A Home Buyer's Must-Read: All About the 'Disclosure Regarding Real Estate Agency Relationship' Form
Justin Gramm is the founder and principal broker of Globella Buyers Realty, your San Diego Exclusive Buyer Brokerage. He also writes this blog, "For San Diego Home Buyers."
Exclusive Buyer Agents do not list homes for sale and never represent sellers. They have no "inventory" to try to sell you. They can represent you in purchasing any home. They are specialists at representing buyers only on the buyers' side of the transaction. Exclusive Buyer Agents work to get buyers the best price and terms when they buy a home.
If you have excellent credit and plan to buy a home or condo in San Diego County within 90 days, contact Justin Gramm to hire an agent on your side of the transaction. Call Justin at 858-437-2662 or E-mail.