What is dual agency?
Dual agency is where one agent or brokerage represents both the buyer and seller. While dual agency could present a few benefits — for example, some agents may lower their commission since they’re not splitting it with anyone — there are also some drawbacks. Since the dual agent is working for both parties, he or she can’t readily give advice or help negotiate on either end. In the end, you’re giving up your agent’s loyalty.
A realtor or brokerage must disclose to you if a dual agency situation is on the table. Understand the ins and outs of this unique situation before moving forward.