Consumer advocates say [dual agency] cheats both buyers and sellers

“But consumer advocates say [dual agency] cheats both buyers and sellers, denying them an agent’s allegiance and undivided attention at a time when they’re making a major financial decision. ‘You’re either loyal or you’re not. It’s like being slightly pregnant,’ says Maureen F. Glasheen, former counsel to the New York Secretary of State, who opposes dual agency.” Wall Street Journal “Could Your Broker be a Double Agent” September 8, 1995 http://www.balchbuyersrealty.com/wsj.html

Source: Buyers Agents, Buyer Brokers, Buying a Home

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A TRUE AGENT is one who provides 100% loyalty to his/her clients 100% of the time.

“A TRUE AGENT is one who provides 100% loyalty to his/her clients 100% of the time. No dual agency; no “designated agency”, no “transaction brokerage;” no “Chinese walls;” no weasel clauses!” International Real Estate Directory “ Agency and True Agents” 1995 http://www.ired.com/trueagent/

Source: Buyers Agents, Buyer Brokers, Buying a Home

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conflict of interests

“…A Buyer’s Broker is prohibited from disclosing to a Seller that the Buyer can, or will, pay more than what has been offered…

To eliminate conflict of interests, exclusive buyer agents do not take listings. Buyer’s Broker make a great deal of sense” The New York TimesBuyers Seek Brokers of Their Own” March 13, 2009 http://www.nytimes.com/2009/03/15/realestate/15lizone.html?scp=3&sq=buyersbroker&st=cse

Source: Buyers Agents, Buyer Brokers, Buying a Home

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Buyer Broker Provides a Buyer With Greater Legal Protection

Sellers’ agents and dual agents do not and cannot by law give a buyer the same degree of loyalty as an agent who acts on behalf of a buyer. … A buyer who relies on the seller’s agent or on dual agency does not receive the same degree of legal protection as that afforded by an agent acting solely on behalf of the buyer. Realty times “Oklahoma Supreme Court slams real estate commission” dated 9/24/1999

https://www.nar.realtor/legal-case-summaries/snider-v-oklahoma-real-estate-commission-oklahoma-supreme-court-reverses-real-estate-commission

Source: Buyers Agents, Buyer Brokers, Buying a Home

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