Dual Representation

If you are the listing agent and a buyer comes to you without an agent:
Can you still write a contract? 
Is this dual representation?
Is dual legal?

 

Dual is legal, but against National Realty policy. Our agents shall not be dual representatives. ( This is because it is hard to represent the interest of both buyer and seller without getting sued by one or the other.)

 

It just means the buyer will be unrepresented. Add the “unrepresented form” to the sales contract and financing addendum to be signed by the buyer. 

This is called “facilitating the transaction” for the unrepresented buyer. 

Then get it ratified by both seller and buyer and receive the full commission instead of splitting it with another Brokerage. 

 

You would tell the buyer you represent the seller, but can provide him with all the comparables and information about the house in order to make a decision on how much he wants to offer. Then you can write the contract and present it to your seller.    

If the buyer wants representation, no problem. You designate Keith Hartke to be the designated agent representing the buyer and you would still represent your seller. Add the Designated representation form when writing the sales contract and financing addendum.