pros & cons of signing waiver of right to be represented

**akcat** · 03-27-2011, 07:05 PM

We are selling our home up here in Anchorage & are trying to understand the pros & cons of signing a waiver of right to be represented, thus allowing our agent to enter into a neutral capacity for both parties.

It seems it would increase our potential for more exposure; however, we are concerned regarding potential conflict of interest.

Any feedback would be appreciated.

**Greg** · 03-28-2011, 04:22 AM

Don't tell your agent anything you don't want the buyers to know and you have nothing to worry about.

What you don't want to happen is your agent not showing your house to one of their buyers because you want exclusive representation.

**Wayne Simmerson** · 03-31-2011, 01:01 PM

If the laws governing Real Estate there are anything like Ontario, than you have nothing to worry about. The Realtor has to be impartial and do his/her best not to give away any information to either side.

**akcat** · 03-31-2011, 07:40 PM

Thanks both of you for the advise. Sounds good.

**MikeAustin** · 04-15-2011, 05:03 PM

The agent purely works on your behalf and protects your interest. There is nothing to worry about in this situation.

**Joe Williams** · 04-19-2011, 10:04 PM

My opinion is that it is a fine practice. However, I'm in Oregon, and we have dual agency. Therefore I have fiduciary duty to both parties. I cannot represent unequally and must look out for both parties interest.

Now many people will tell you different and I understand their reasons. So if you are worried at all get another Realtor involved. If you want to be loyal to your current Realtor then have their Principal Broker represent you.

Just some ideas,

Joe

Originally Posted by akcat

We are selling our home up here in Anchorage & are trying to understand the pros & cons of signing a waiver of right to be represented, thus allowing our agent to enter into a neutral capacity for both parties.

It seems it would increase our potential for more exposure; however, we are concerned regarding potential conflict of interest.

Any feedback would be appreciated.

**Joe Williams** · 04-20-2011, 08:08 AM

Is this agent the listing agent for the property you want to buy or ?

If they want you to sign away any representation and you are the buyer then absolutely not because that agent will, in my area, get paid for both sides of the commission.

However, if you are a for sale by owner and someone is bringing a buyer, you have already decided not to have representation so what is the difference.

Originally Posted by akcat

We are selling our home up here in Anchorage & are trying to understand the pros & cons of signing a waiver of right to be represented, thus allowing our agent to enter into a neutral capacity for both parties.

It seems it would increase our potential for more exposure; however, we are concerned regarding potential conflict of interest.

Any feedback would be appreciated.