Unfortunately, the practice of “double-dipping” occurs sometimes with agents in our industry. Here’s what it means.
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We’re not unaccustomed to hearing complaints from clients about agents they’ve had past dealings with and some of the terrible consequences that’s had.
For the second installment on our “bad agent” series, today I’ll be defining and discussing the agent who “double dips.” Unfortunately, this massive conflict of interest is an all-too-common problem in our market.
A double-dipping agent is one who represents both the buyer and the seller in the same transaction. Dual agency, as it’s otherwise known, is not allowed in the state of Texas. In the event that your agent presents an offer to you, and you notice they’re representing the other party, this can be attributed to one of two things: They are either uneducated in Texas’s laws that govern real estate or they’re engaging in unethical behavior.
We believe in providing great representation to buyers and sellers, and representing a single party in each real estate transaction is integral to that.
This is something we’re careful not to do on our team, and in fact, it’s one of the primary reasons we became a team. We believe in providing great representation to buyers and sellers, and representing a single party in each real estate transaction is integral to that.
Think about it in these terms: If you were being sued, you wouldn’t hire your opponent’s attorney, would you? Of course not. No one would.
Good agents do the right thing; they strive for fairness in dealings with their clients and the agent on the other side.
If you’d like to learn more about how we can provide you with the very best representation or for help with your real estate needs, please contact us. We’d love to help however we can!