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  1. #11
    Agent 007's Avatar
    Agent 007 is offline Fixer Upper
    Join Date
    Oct 2006
    Location
    Las Vegas, NV
    Posts
    50

    Default

    Quote Originally Posted by CAresident2007
    I really appreciate your responses. I know there are pros and cons to using the listing agent (dual agent situation) and it is legal in my state. We have decided to try it. I would not approach the listing agent if we were first time buyers but in reality we have bought/sold real estate many times and I think we can look out for ourselves. This particular listing agent has a great reputation within my small community. She offered me some references from clients who have used her in a dual agent situation, and that impressed me!

    The house is listed for $2.3 million. Not a small chunk of change, LOL.

    As for the remark about using REMAX... haha, the agent who can't get the job done IS a REMAX agent.

    So we'll see what happens. I'd like to try this approach and see if the result is any different. Btw, I was a very loyal client of this particular agent who failed to get the job done. I think most clients DO prefer to keep with the same agent and it's only when the ball is dropped that we end up feeling there's no other option but to make a change. I know in our case, it seems like the guy simply took our business for granted as he didn't follow up on things the way I would have expected. I'll keep you all posted!
    It doesn't matter if the listing agent is a good agent or not, dual agency still has no representation to the buyer. The listing agent has fiduciary duties to the seller first and foremost. Now how is the listing agent going to get you the best deal?

    Especially when you are buying a muli-million dollar home! I would want my own agent on this one for sure.
    Last edited by Agent 007; 01-24-2007 at 10:27 AM.
    Len McGuirk
    Prudential Real Estate - Las Vegas
    Direct: (702) 203-6688
    www.LasVegasPrudential.com

  2. #12
    Join Date
    Jan 2007
    Posts
    4

    Default totally see what you're saying, but...

    Thanks, really appreciate your response, but we've bought and sold "by owner" before and represented ourselves. Granted, it's not ideal, but I do like this particular listing agent and feel we can represent ourselves if need be. I think she might be quite motivated to make this sale go through, as she will be making the whole commission for herself. I've spoken to some other agents and sure we can get another buyer's agent but in this case I think it's OK not to. Like I said, if I was a first time buyer I would not do it this way.

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