Ask Nanci
What is a dual agent and should I be concerned?
Short Answer
A dual agent represents both the buyer and the seller in the same transaction, with the written consent of both parties. It can make coordination easier, but it also means one agent is serving two sides, which limits how far they can advocate for either. Before agreeing, you should understand the duties and make sure you are comfortable with the arrangement.
General information, not legal or financial advice.
What dual agency means
Dual agency happens when the same agent, or the same brokerage, represents both the buyer and the seller in one transaction. In Florida, this requires the informed consent of both parties, in writing.
In that role, the agent owes a duty to both sides, which changes how the representation works.
How it can help
With one agent on both sides, communication can be smoother and the process can move efficiently, since one person coordinates everything.
Some buyers and sellers find the arrangement convenient, especially in situations where it comes together naturally.
The concern to understand
The main concern is that a dual agent cannot fully advocate for both sides on things like price and negotiation. Their loyalty is split, and that limits what they can do for each party.
In a dual agency, the agent typically cannot give either side the same level of representation they would give in a single-agency relationship.
What to do before agreeing
Ask exactly what duties the agent will owe you and what they will not do under dual agency. Review the disclosure and consent forms carefully.
If you are not comfortable, you have the option to request separate representation for your side.
How Nanci can help
I explain agency clearly and make sure you know exactly who is representing whom in your transaction, in plain language.
My goal is for you to always understand your rights and feel fully represented.
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